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The South African rand strengthened 0.6% to 17.5050 per dollar, supported by gold prices and carry-trade appeal. Bond yields were rising, which kept portfolio inflows attractive.
Rand strength lowers the local cost of dollar-priced feed imports. The move is driven by currency flows rather than any change in grain or feed supply.
reuters.comOct 22, 2024Not 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.
