# Brazil soybean meal prices post sharpest daily drop since April after presidential election | World Ports Organization

> Brazilian soybean meal export prices fell sharply on October 26, with FOB Paranaguá December shipment posting their steepest daily drop since mid-April. Prices reached their lowest level since August 24 after Lula's reelection on October 25. The US dollar surged more than 10% against the Brazilian real amid fiscal policy uncertainty.

- Date: 2026-10-29 · published 2026-10-29T18:05:40.422Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/1321-brazil-soybean-meal-prices-post-sharpest-daily-drop-since-april-after
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The sharp real depreciation makes Brazilian meal cheaper for export buyers and weighs on global soybean meal prices, while fiscal uncertainty keeps volatility elevated.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2026-10-26 | 1 | +7.9% | 9.3 | Confirms the USD surged over 10% against BRL on fiscal uncertainty after the Oct 25 election. |
| USDBRL | 2026-10-26 | 5 | +7.6% | 5.6 | Notes the USD surging more than 10% against BRL on fiscal uncertainty after the Oct 25 election, confirming the size of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-10-28 | [Sharp decline in Brazilian real boosts competitiveness of soybean meal exports](https://feedsoft.ai/events/131-sharp-decline-in-brazilian-real-boosts-competitiveness-of-soybean-meal-exports.md) | -3.8% | — |
| SBM | 2026-10-29 | [The 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.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |
| SBM | 2024-01-22 | [Brazil's real falls after Lula unveils 're-industrialization' plan](https://feedsoft.ai/events/32322-brazil-s-real-falls-after-lula-unveils-re-industrialization-plan.md) | -1.6% | -2.7% |
| SBM | 2023-01-20 | [Brazil's real set for 2% weekly loss on worries over c.bank independence \| Financial Post](https://feedsoft.ai/events/37979-brazil-s-real-set-for-2-weekly-loss-on-worries-over-c-bank-independence.md) | +0.6% | +3.2% |
| SBM | 2023-08-21 | [Soybean meal in Russia has risen in price against the background of the weakening of the ruble](https://feedsoft.ai/events/34669-soybean-meal-in-russia-has-risen-in-price-against-the-background-of-the.md) | +2.6% | -3.1% |
| USDBRL | 2022-10-31 | [Brazil's real down after Lula wins presidential election; Bolsonaro yet to concede](https://feedsoft.ai/events/39344-brazil-s-real-down-after-lula-wins-presidential-election-bolsonaro-yet-to.md) | -5.8% | -1.1% |
| USDBRL | 2018-07-16 | [Brazil: Post-strike pre-election blues](https://feedsoft.ai/events/64232-brazil-post-strike-pre-election-blues.md) | -2.2% | -0.3% |
| USDBRL | 2017-05-18 | [Brazil's Scandal Hits Soybean Prices](https://feedsoft.ai/events/7584-brazil-s-scandal-hits-soybean-prices.md) | +5.6% | +5.6% |

## Sources

- worldports.org: https://www.worldports.org/brazil-soybean-meal-prices-post-sharpest-daily-drop-since-april-after-presidential-election/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.