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The rand weakened 0.44% to 11.965 per dollar on Wednesday as markets awaited talks between Cyril Ramaphosa and President Jacob Zuma over a transfer of power. Stocks rose as buyers returned to banking and financial shares, which had sold off in recent weeks.
Political uncertainty that weakens the rand raises the local cost of imported feed ingredients for South African buyers. The move is small and has no clear effect on global feed prices.
reuters.comFeb 7, 2018Not 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.
