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The rand held near 17.86 per dollar in early trade as South Africa worked to keep US trade access. The country has offered to buy US liquefied natural gas, ease restrictions on US poultry imports and invest $3.3 billion in US industries.
A US trade deal that eases the 30% tariff would support the rand and lower dollar-priced import costs for feed buyers. Failure would weaken the currency and raise those 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.