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The rand strengthened to its highest level in five months, trading near R13.98 to the dollar on December 30. The move reflected a weaker dollar, foreign inflows into high-yielding government bonds, and a wider trade surplus.
A stronger rand lowers the rand price of imported feed ingredients for South African buyers, though the move is driven mainly by currency flows rather than grain fundamentals.
sabcnews.comSesona MahlahlaDec 30, 2019Not 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.
