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A Reuters analysis asks whether South Africa is replacing Turkey as the main emerging-market short. It notes the rand is down about 20% since February and that foreign holdings of local government debt have fallen.
Currency weakness and foreign selling in South Africa affect the rand-denominated cost of imported feed ingredients, though the link to grain prices is indirect.
reuters.comMarc JonesJun 20, 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.
