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The PBOC set the yuan midpoint at its strongest level since March 24. The reference rate strengthened against the dollar.
A stronger yuan lowers the local cost of dollar-priced feed imports, which can support Chinese demand for soybeans, corn and meal. The move is small and routine.
hk.marketscreener.comReutersMar 24, 2023Not 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.
