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.

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.

• Nov 29, 2024What is happening to BRL as the Brazilian Real collapses against the US Dollar-1.3%
• Jun 26, 2017Slumping Commodity Prices Pressure the Brazilian Real in 2Q17+3.7%
• Oct 28, 2026Sharp decline in Brazilian real boosts competitiveness of soybean meal exports-3.8%
• Aug 21, 2023Soybean meal in Russia has risen in price against the background of the weakening of the ruble+2.6%
• Oct 29, 2026Brazil soybean meal prices post sharpest daily drop since April after presidential election | World Ports Organization-3.3%

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.

• Nov 29, 2024What is happening to BRL as the Brazilian Real collapses against the US Dollar+1.7%
• Jun 26, 2017Slumping Commodity Prices Pressure the Brazilian Real in 2Q17-0.7%
• Oct 23, 2024Market braces for pressure on Brazilian real as Trump’s chances rise+0.6%
• May 14, 2019Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates — MercoPress+3.4%
• Jun 14, 2022Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank+0.7%