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Brazil's central bank held its benchmark Selic rate at 13.75% on Wednesday, ending a series of cuts that began in March. The decision was unanimous and matched the expectations of most economists polled by Reuters.
A hold amid fears of higher inflation after Lula's reelection points to tighter Brazilian borrowing costs and a firmer real, which can weigh on Brazilian feed demand and shift export competitiveness for soymeal and corn.
money.usnews.comReutersNov 4, 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.
