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The onshore yuan traded near 6.6590 per dollar, its strongest level since June 2022, as exporters converted dollar receipts. The People's Bank of China set the central parity at 6.7138, a nine-pip reduction that strengthened the reference rate.
A stronger yuan lifts Chinese buying power for imported feed ingredients, a modest supportive factor for soybean and meal demand, though the effect is small.
fxnews.aiOct 30, 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.
After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% 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.
