Sharp decline in Brazilian real boosts competitiveness of soybean meal exports

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.

• Jul 2, 2024Stress in domestic market continues, pressures Brazilian real-2.8%
• Oct 31, 2020Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress-5.2%
• Apr 29, 2020Decline in Brazil’s Real Underscores Need for Hedging-0.0%
• May 12, 2021Colombian peso falls on protests, Brazil real leads Latam FX declines | Financial Post+0.5%
• Nov 26, 2019EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform-0.5%

After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.

• Oct 29, 2026The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.-3.3%
• Apr 29, 2020Decline in Brazil’s Real Underscores Need for Hedging+1.1%
• Oct 29, 2026Brazil soybean meal prices post sharpest daily drop since April after presidential election | World Ports Organization-3.3%
• Jun 26, 2017Slumping Commodity Prices Pressure the Brazilian Real in 2Q17+3.7%
• Aug 5, 2024Brazilian real depreciation stirs economic concerns-7.8%