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Spot USD/CNH traded near 6.6930 in early Wednesday trade after little change on Tuesday, while the CNY CFETS basket index rose to 103.65, extending its gains over eight sessions. The dollar index lost nearly 0.20% on Tuesday as US back-end yields edged down.
Markets await China's September inflation and trade data and the US CPI release.
A firmer yuan and a weaker dollar can shift the relative competitiveness of Chinese import demand for US feed ingredients and tighten the purchasing power behind soybean meal and corn buying. Currency moves of this size are a secondary influence on feed commodity prices.
mnimarkets.comNov 12, 2026After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
