# Brazil's Rout Was Three Trades, Not One | AInvest

> 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.

- Date: 2026-11-01 · published 2026-11-01T21:08:26.408Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/70182-brazil-s-rout-was-three-trades-not-one-ainvest
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- USDBRL: bullish ▲

## Sources

- ainvest.com: https://www.ainvest.com/news/brazil-rout-trades-2611/

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