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The Brazilian real weakened to around 5.50 per US dollar, its weakest level since briefly touching 5.60 right after President Lula's runoff victory. Markets are awaiting the Copom decision, with most expecting the Selic rate to stay at 13.75% amid fiscal concerns.
A weaker real raises the cost of imported inputs for Brazilian feed and makes Brazilian soybean meal and corn exports more competitive, which can pressure global soymeal prices. Rising inflation and rate expectations add to currency pressure without a clear commodity-specific driver.
pt.tradingeconomics.comIsabela CoutoNov 3, 2026
squawknews.comSquawkNews DeskNov 3, 2026
tradingview.comNov 3, 2026After 117 past bearish macro events, SBM moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.
After 301 past bullish macro events, USDBRL 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.
