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The rand edged up to around 16.6 per dollar, recovering some ground but still near its weakest level since late July. Support came from a weaker dollar and firmer precious metals, while lower oil prices eased inflation pressure.
Currency moves of this size have little direct effect on feed grain or meal supply and demand. For South African importers, a firmer rand slightly reduces import costs, but the change is marginal.
squawknews.comSquawkNews DeskNov 2, 2026
tradingview.comNov 2, 2026Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.
