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The People's Bank of China set the dollar-yuan reference rate at 6.7150, down 0.0004 yuan or 0.006% from 6.7146 the previous day, marking a second straight day of yuan weakening. The PBOC also drained a net 332 billion yuan of liquidity through its open market operations that day.
The small yuan depreciation is a routine fixing move with little direct effect on feed ingredient prices. Its main relevance is the marginal pressure on Chinese import purchasing power for US farm goods.
newsis.comNov 3, 2026After 169 past neutral macro events, USDCNY moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
