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The rand firmed 0.86% to 14.41 per dollar on Friday after Chinese Vice Premier Liu He's call with US officials reported further progress in trade talks. Eskom resumed power cuts that were expected to continue through the weekend and possibly next week.
Currency strength in emerging markets tied to trade optimism is a macro signal rather than a direct grain driver, though a firmer rand modestly raises the local-currency cost of South African imports of feed inputs.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersMar 15, 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.
