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China has made overnight reverse repurchase operations a daily fixture since November 2, at a rate of 1.25 percent, replacing the seven-day reverse repo as the main routine policy operation. Analysts say the change completes much of China's price-based monetary policy framework and clarifies policy signals.
Clearer Chinese monetary policy can affect financing costs and the yuan, which indirectly influence demand for imported feed ingredients. The direct effect on grain and meal prices is limited.
chinadaily.com.cnZHOU LANXUNov 12, 2026After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
