
Brazil's first-round presidential election produced record foreign inflows on B3, with R$10.6 billion in a single session and the Ibovespa topping 200,000 points for the first time. The rally faded by Wednesday as the dollar closed up 0.74% at R$5.014 and investors questioned whether Flávio Bolsonaro's fiscal adjustment pledge is mathematically feasible.
Brazilian real volatility affects the cost of imported inputs and the competitiveness of Brazilian soy, corn and meal exports, which are key sources for animal-feed buyers. Doubts over fiscal credibility could keep the real weak and support Brazilian export selling in dollar terms.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% 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.