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The South African rand was little changed against the dollar on Friday. The March budget balance came in at a deficit of 46.15 billion rand, while trade data showed a surplus of 6.89 billion rand.
Feed buyers see little direct grain impact from this rand move. A weaker rand can modestly lift the local-currency cost of imported feed inputs, but the effect here is negligible.
reuters.comApr 28, 2023Not 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.
