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The USD/CNH pair has traded sideways between roughly 7.15 and 7.23 over the past three months and is down about 2% year to date. China's manufacturing PMI fell into contraction at 49.3 and the Caixin manufacturing PMI slipped to 49.5, while the Caixin services PMI rose to 52.6.
Mixed Chinese PMI data and a range-bound yuan give no clear signal for Chinese import demand for feed ingredients. Price impact on grains and meal is minimal.
tradetaurex.comAug 6, 2025Not 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.
