
Brazil’s Copom kept the Selic rate at 13.75%, pausing its rate-cut cycle amid worsening inflation expectations and signaling no immediate need for further tightening. Forecasts put the real at R$5.30 per dollar by the end of 2026 and R$5.50 by the end of 2027; analysts also reviewed Brazilian equities and the implications of the US election results.
A prolonged period of high Brazilian interest rates and revised exchange-rate expectations may influence local financing conditions and import costs, including feed inputs. The article gives forecasts rather than a new direct change in commodity supply or demand.
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.