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South Africa's Reserve Bank surprised markets by keeping its policy rate at 7%, saying the policy stance was tight enough. The rand fell more than 2% against the dollar at one point on the day of the decision.
Expectations of a rate hike were unwound, which weakened the rand and raised dollar-based import costs in South Africa. The consequences for global feed prices are small.
reuters.comKopano GumbiAug 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.
