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The rand was trading at R16.49 per dollar, while South African shares had closed lower on Friday and investors remained focused on coalition negotiations. The roundup also reported stronger-than-expected US payroll growth, mixed European and Asian equity moves, and oil prices near $97 a barrel after comments that renewed US strikes on Iran were unlikely.
Softer oil can ease South Africa’s fuel-import bill and inflation pressure, while strong US payrolls may support the dollar and weigh on the rand. These crosscurrents offer limited directional guidance for feed costs beyond the oil-price effect.
dailyinvestor.comDaily InvestorNov 9, 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.
