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South Africa's rand was broadly stable at 19.18 per dollar after a PMI survey showed factory activity recovering in February. Absa said the recovery may signal easing of port and rail congestion at Transnet, the state logistics operator.
Easing congestion at South African ports would improve import and export flows for feed ingredients. The rand's stability keeps near-term import costs steady.
reuters.comMar 1, 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.
