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The South African Reserve Bank has postponed the phaseout of the Jibar interest rate benchmark from 31 December 2026 to 31 May 2027. The delay gives time for legislation protecting existing contracts, which include R38.9 trillion of domestic Jibar-linked derivatives.
This is a financial-market regulatory change with no direct effect on grain, oilseed or livestock supply and demand. It has little bearing on feed buyers' input prices.
Not 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.