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The South African rand weakened about 0.8% against the dollar on Wednesday, tracking the dollar in the absence of major domestic data. The rand traded at 19.2375 per dollar, and the Top-40 index closed down 1.4%.
A weaker rand has little direct effect on feed grain prices, but South African currency moves can affect local feed import costs and the competitiveness of South African demand.
marketscreener.comReutersFeb 28, 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.
