# First Thing Today | Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer

> Soybeans edged higher overnight after heavy pressure Monday, while December soybean meal rose $1.40 and soybean oil lost 35 points. The Brazilian real steadied after its steepest one-day plunge since 1999 following Luiz Inacio Lula da Silva's presidential runoff victory.

- Date: 2026-10-27 · published 2026-10-29T06:13:00.420Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [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 move affects Brazilian export competitiveness and farmer selling of soybeans, which can shift global oilseed and meal prices.

## Read by commodity

- SBM: neutral
- SOY: neutral
- USDBRL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2026-10-26 | 1 | +7.9% | 9.3 | Describes the steepest one-day real plunge since 1999 following the runoff, then stabilization. |
| USDBRL | 2026-10-26 | 5 | +7.6% | 5.6 | Describes the steepest one-day real plunge since 1999 and its stabilization afterward. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-30 | [Brazilian Real Rebounds After Labor Data](https://feedsoft.ai/events/21715-brazilian-real-rebounds-after-labor-data.md) | -0.7% | +2.4% |
| SOY | 2026-07-30 | [Brazil fertilizer deliveries seen falling at least 10%](https://feedsoft.ai/events/18687-brazil-fertilizer-deliveries-seen-falling-at-least-10.md) | -2.2% | +6.5% |
| SOY | 2024-06-27 | [Brazilian real’s volatility undermines foreign trade predictability, says official \| WKZO \| Everything Kalamazoo \| 590 AM · 106.9 FM](https://feedsoft.ai/events/29990-brazilian-real-s-volatility-undermines-foreign-trade-predictability-says.md) | +1.2% | -4.0% |
| SOY | 2023-11-16 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real.md) | -2.1% | -5.1% |
| SOY | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | -0.8% | +0.0% |
| SBM | 2025-12-03 | [Brazilian Real Strengthens for 2nd Session](https://feedsoft.ai/events/8058-brazilian-real-strengthens-for-2nd-session.md) | -3.2% | -4.0% |
| SBM | 2016-11-10 | [USD/BRL: Brazilian real tumbles to lowest since June — Octa](https://feedsoft.ai/events/5468-usd-brl-brazilian-real-tumbles-to-lowest-since-june-octa.md) | +0.0% | +1.9% |
| SBM | 2022-12-07 | [Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil \| Financial Post](https://feedsoft.ai/events/38510-brazilian-real-up-on-fiscal-relief-peru-s-sol-falls-amid-political-turmoil.md) | +0.8% | +8.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-soybeans-see-small-bounce-brazilian-real-stabilizes

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