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The rand weakened about 1% to 14.70 per dollar, leading emerging market currency losses, after the government unveiled its Eskom rescue plan. Yields on 2026 benchmark bonds rose to 8.2%.
The currency move raises South African import costs for dollar-priced feed ingredients. The effect on global grain and oilseed prices is minimal.
moneyweb.co.zaRobert Brand, BloombergOct 29, 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.
