
The Brazilian commercial dollar rose 0.79% to R$5.4871, its highest close of 2026 and the strongest level since December 30, 2025. The euro also rose 0.98% against the real, closing at R$6.1401.
Investor caution over the incoming Lula government's economic policy, including a proposal to force Selic rate cuts, is weakening the real. A weaker real makes Brazilian soybean meal and other exports cheaper in dollar terms, which can pressure global oilseed prices.
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.
After 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.
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.