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Lula da Silva won Brazil's October 25 presidential runoff over Flávio Bolsonaro, 51.8% to 48.2%, and the real fell 8% against the dollar on the next trading day, its worst session since 1999. The Bovespa index dropped 13.9% as investors unwound positions tied to a Bolsonaro victory, with Petrobras, Nu Holdings and MercadoLibre among the hardest hit.
A weaker real makes Brazilian soybeans and corn cheaper in dollar terms, which can pressure CBOT prices and support Brazilian export competitiveness. Fiscal concerns from planned spending may keep the real volatile, affecting feed import costs for Brazil.
ainvest.comNov 1, 2026Not enough comparable past events yet for a historical read.
Not 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.
