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The Brazilian real has held in a tight range around 20 US cents since its 2020 low, and was at about $0.19 on May 30, 2023. The article notes that three of four Brazilian soft commodities were priced higher than in late December.
This is a long-range currency commentary with no new driver, so it has little effect on feed prices.
barchart.comAndrew HechtMay 30, 2023Not enough comparable past events yet for a historical read.
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.
