
The Ibovespa opened flat and then fell about 0.3% to new lows near 166,700 points, while the spot dollar rose 0.31% to R$5.47. The central bank's statement flagged unanchored inflation expectations and an uncertain environment, and Lula called a meeting with economic advisers.
Rising domestic risk premiums weaken the real, which raises the dollar cost of feed imports for Brazilian buyers and supports local feed prices.
After 301 past bullish macro events, Brazilian Real (BRL per USD) 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.