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CFETS reported that both onshore and offshore yuan spot rates strengthened against the U.S. dollar in October. Its yuan exchange-rate index rose 0.55% from the previous month-end, while the average absolute onshore-offshore price gap narrowed by 7 basis points to 23 basis points.
Yuan appreciation can lower the cost of imported feed commodities for Chinese buyers, but the report describes currency movements rather than a new change in commodity supply or demand.
guandian.cnNov 10, 2026After 24 past report events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (46% higher; middle half -0.3% to +0.4%), and -0.9% 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.
