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Brazil's central bank Copom began its penultimate 2026 meeting, with the rate decision due Wednesday. Market expectations flipped after the presidential runoff, with most investors now betting on holding the Selic rate at 13.75% rather than a cut.
Higher rates and a weaker real raise financing and input costs for Brazilian producers and feed manufacturers, and a stronger dollar supports Brazilian export competitiveness for soy and corn.
cnnbrasil.com.brJoão NakamuraNov 3, 2026After 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.
