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The People's Bank of China has started using a new open-market overnight reverse repo tool, capped at 600 billion yuan a day. The aim is to smooth short-term liquidity and lower financing costs for commercial institutions.
This is a routine liquidity operation with no direct effect on feed supply or demand, so it has little price impact on grain, oilseed or meal markets.
beijingpost.comNov 2, 2026After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
