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Brazil's real traded near $0.27 on Tuesday, its lowest level in more than two years. The currency has fallen about 10% against the dollar this year amid election uncertainty.
A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which tends to pressure world prices and increase Brazilian selling. It also raises the local-currency cost of imported feed inputs.
apnews.comMay 15, 2018After 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.
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.
