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China's yuan rose to a new 32-month high against the dollar as the PBOC kept lifting its official midpoint to manage the pace of appreciation. The currency has gained 0.5% so far this year after a 4.5% rise in 2025, supported by a weaker dollar and corporate demand ahead of Lunar New Year.
A stronger yuan lowers the local-currency cost of dollar-priced imports for China, which can modestly support Chinese buying of US feed ingredients. A weaker dollar generally underpins dollar-denominated grain and oilseed prices.
reuters.comReutersFeb 1, 2026After 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.
