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A Bloomberg survey of 14 investors and economists found the rand undervalued, with fair value estimated at 15.64 per dollar. The rand traded near 16.06 after a 2.6% selloff on Friday, and the currency is up about 3% year to date.
The survey is a currency-valuation opinion with no direct supply or demand effect on feed commodities. It has little bearing on feed prices.
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.