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The People's Bank of China set the USD/CNY central parity rate at 6.7156 for the Thursday session, down from 6.7180 the previous day. The fix was about 370 pips weaker than the Reuters estimate of 6.6783.
A lower USD/CNY fix signals a firmer yuan, which can ease import costs for Chinese feed buyers. The fix sits well above market forecasts, suggesting the central bank is slowing appreciation.
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.