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The IMF Executive Board concluded its 2017 Article IV consultation with Brazil, forecasting 0.3% growth in 2017 and 1.3% in 2018. It said the recession is nearing an end but flagged risks from diluted social security reform and political uncertainty ahead of the 2018 elections.
Slow Brazilian growth and possible fiscal stress can shape the real's path and domestic feed demand, but the report is unlikely to move feed commodity prices on its own.
imf.orgJul 13, 2017After 21 past neutral report events, Brazilian Real (BRL per USD) moved a median +0.9% over 5 sessions (62% higher; middle half -0.4% to +1.8%), and -0.4% 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.
