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Options traders bought protection against yuan weakness at the highest level since April after a strong rally. Call options betting on a higher dollar-yuan pair were also in demand ahead of a seasonally weak period for the yuan.
Yuan hedging reflects currency positioning rather than physical feed demand, so the effect on feed prices is minimal.
Not 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.