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The rand held steady against the dollar ahead of South Africa's first-quarter unemployment figures and April trade balance. The unemployment rate had reached a record 35.3% in late 2021, and rotational power cuts continue to weigh on growth.
This is routine currency commentary with no new driver for grain, oilseed or feed prices. The rand's level has limited direct effect on feed markets.
brecorder.comReutersMay 31, 2022Not 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.
