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The South African rand edged up about 0.3% to 16.3575 per dollar in early trade on September 30. Central bank data showed M3 money supply growth accelerated to 8.89% in August, and private sector credit growth beat forecasts.
A firmer rand has little direct effect on feed grain or protein prices, so this is a routine currency move with minimal read-through to animal-feed costs.
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.