The dollar closed the week at about R$5.65, its highest close since June 2025, after a 2.66% weekly gain. The Finance Ministry did not renew an extra R$1.40 per litre subsidy on imported diesel, keeping only the regular R$2.12 subsidy.
A weaker real and the loss of the extra diesel subsidy raise the cost of imported diesel and freight for Brazilian logistics and feed distribution, which can squeeze margins.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.