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The rand's strong start to 2019 is continuing, and expected volatility has fallen to near an eight-month low. Traders are discounting upcoming risks such as the budget speech, a ratings review and May elections.
Lower rand volatility makes dollar-denominated feed imports easier to price for South African buyers. The story does not point to a change in feed grain supply or demand.
biznews.comAlec HoggJan 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.
