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The yuan strengthened against the dollar as exporters converted dollar holdings before the National Day holiday. The dollar was near a two-month high, and an analyst expected the yuan to trade between 6.5 and 6.9 for the rest of the year.
Currency moves like this shift the cost of dollar-priced imports for Chinese feed buyers, but they have little direct effect on grain or meal prices.
After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.