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The rand extended losses on Friday and neared 17 per dollar, trading at 16.84 after the Reserve Bank unexpectedly held its repo rate at 7.00%. The hold defied market expectations of a cut and triggered a sharp selloff in the currency.
A weaker rand raises the local cost of dollar-priced feed ingredients for South African buyers. The move has little direct effect on global grain or meal prices.
reuters.comReutersAug 1, 2026Not 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.
