The actions of China's central bank to lower the yuan's peg against the U.S. dollar will have far-reaching consequences – even as far as your plate.
China is one of the world's biggest importers of what are known as "soft" commodities – including key ingredients such as soybeans. China's imports have become more expensive thanks to the falling yuan, therefore, if the country cannot buy as much of these as before, there may be a bigger glut of crops.
The U.S. Department of Agriculture has already suggested that there will be a better crop of corn, soybean and wheat this year than previously thought in its benchmark World Agricultural Supply and Demand Estimates Report crop report, another factor which could drive up supply.
"In almost every possible way, the USDA was more bearish than expected. There's a lot of skepticism on this report. People are thinking that maybe the USDA got it wrong," Kona Haque, head of research at agricultural commodities trading firm ED&F Man, told CNBC.