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South Africa's rand weakened past 15 per dollar for the first time since October after the country's worst quarterly economic contraction in a decade. A ruling-party debate over the central bank's mandate added to the pressure.
A weaker rand makes South African feed-grade exports cheaper but raises the local cost of imported feed inputs such as soybean meal and corn for South African buyers.
bloomberg.comColleen Goko-PetzerJun 6, 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.
