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The South African rand was little changed in early trade ahead of September trade and budget balance data. Investors are also awaiting the outcome of the US AGOA eligibility review and local government elections scheduled for Wednesday.
Rand moves affect South African maize and feed import costs and sentiment toward SA-origin commodity exports, but the day's moves are routine and carry little direct feed price impact.
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.