
China's central bank set the yuan midpoint at 7.1586 per dollar, its strongest since November 2024, and the spot yuan firmed in early trade. The PMI rose to 49.7 in June from 49.5, still in contraction, while Chinese exports have so far absorbed reciprocal tariffs with limited damage.
A firmer yuan lowers the cost of China's feed and grain imports in local terms, which can support import demand for soybeans, meal and corn, though the effect on feed prices is modest.
Setelah 362 peristiwa makro bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (42% lebih tinggi; separuh tengah -0,4% sampai +0,1%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.