# Grain price jitters as rand creeps up to R20/$

> The rand edged toward R20 per dollar, falling nearly 2% to R19.63 at one point before stabilising. The article links the currency slide to El Niño-driven uncertainty over global grain prices and to US rate expectations.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33926-grain-price-jitters-as-rand-creeps-up-to-r20
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Because grains are priced in dollars, a weaker rand lifts South African feed and food costs, and El Niño adds upside risk to global grain prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | +4.1% | +2.4% |
| CORN | 2026-09-01 | [Interest rate outlook directing grain price potential](https://feedsoft.ai/events/17813-interest-rate-outlook-directing-grain-price-potential.md) | +0.2% | +4.5% |
| CORN | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -0.3% | -6.1% |
| CORN | 2022-11-17 | [The Impact of Low Stocks-to-use Ratio and the Ukraine-Russia Conflict on the Distillers-to-Corn Price Ratio \| CropWatch \| Nebraska](https://feedsoft.ai/events/38676-the-impact-of-low-stocks-to-use-ratio-and-the-ukraine-russia-conflict-on-the.md) | -1.7% | -4.9% |
| CORN | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -2.2% | -1.0% |
| WHEAT | 2026-09-01 | [Interest rate outlook directing grain price potential](https://feedsoft.ai/events/17813-interest-rate-outlook-directing-grain-price-potential.md) | +0.8% | +0.1% |
| WHEAT | 2022-04-26 | [Ukraine war to cause biggest price shock in 50 years - World Bank](https://feedsoft.ai/events/41883-ukraine-war-to-cause-biggest-price-shock-in-50-years-world-bank.md) | -1.4% | +1.8% |
| WHEAT | 2019-12-27 | [Fluctuations in sterling affecting grain prices \| The Scottish Farmer](https://feedsoft.ai/events/55651-fluctuations-in-sterling-affecting-grain-prices-the-scottish-farmer.md) | +0.2% | +2.3% |

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2023-10-05-grain-price-jitters-as-rand-creeps-up-to-r20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.