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Goldman Sachs cut its euro-against-sterling forecasts across all horizons after EUR/GBP fell close to 2% in October. The bank attributes the move mainly to euro-area weakness, with its trade-weighted sterling measure roughly flat.
Its revised profile still implies that sterling will eventually give back recent gains.
This is an FX forecast revision with no direct link to feed ingredient supply or demand. It has little effect on commodity prices beyond general currency sentiment.
Not enough comparable past events yet for a historical read.
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.