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The rand weakened to a seven-month low against the dollar on 31 May as emerging-market pressure continued. Trump announced a 5% tariff on all Mexican goods from 10 June, rising until undocumented migration ends, adding to US-China trade tensions.
A weaker rand raises the local-currency cost of imported feed ingredients for South African buyers. The move reflects broad risk-off sentiment rather than a direct change in grain supply.
businesstech.co.zaMay 31, 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.
