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ECB President Mario Draghi said the eurozone outlook is more optimistic, raising 2017 growth to 1.8% and 2018 to 1.7%. Rates were held at 0% and the bond-buying programme was kept, with purchases cut to €60bn a month from April.
Stronger European growth supports meat and dairy demand and feed use in the bloc, while the ECB's policy path affects the euro and therefore the relative cost of imported feed ingredients.
bbc.comMar 9, 2017After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
