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The South African rand weakened on Thursday as attention turned to weak economic prospects after recent credit downgrades. The rand had gained about 7% against the dollar that month, and the 2030 bond yield rose 2 basis points to 8.89%.
A weaker rand reflects domestic fiscal concerns rather than a feed-supply shift, so it has little direct effect on grain or meal prices.
brecorder.comReutersNov 26, 2020Not 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.
