The onshore and offshore yuan fell below 6.67 per dollar as the US dollar strengthened, with the CNY closing down 349 points at 6.6699. The central parity fell 93 points to 6.6285, a one-month low.
A weaker yuan makes Chinese imports of US soybeans and other feed ingredients more expensive in local currency, which can slow purchases and weigh on US prices. The move reflects a stronger dollar, so it is a mild bearish signal for dollar-priced feed commodities.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% 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.