
Brazilian markets rallied on August 12 after softer-than-expected domestic and US inflation data weakened the dollar. The real closed at R$5.38, its strongest level since June 2024, and the Ibovespa rose sharply.
Futures rates fell on renewed bets for a Selic rate-cutting cycle.
A stronger real raises the dollar cost of Brazilian soybeans and meal, which can support international prices. The move reflects currency and rate expectations rather than crop supply.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% 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.