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Brazil's central bank held the Selic rate at 13.75%, ending a run of cuts that began in March, a decision that was widely expected and unanimous. Market inflation expectations rose, with the Focus survey's 2027 median moving to 4.76% from 4.34%, and the real weakened to about R$5.48 per dollar.
Higher expected inflation and a weaker real reduce the real yield available to foreign investors and raise the local-currency cost of imported inputs. This is a financial rather than direct grain-supply driver, so its effect on feed commodity prices is limited.
ainvest.comNov 5, 2026After 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.
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.
