
The Brazilian dollar closed at R$5.5618 on November 11, down 0.43%, while the central bank's PTAX reference fell to R$5.5606. The dollar was still up about 2.6% in November from the October 30 PTAX of R$5.4212, and the US dollar index approached its highest since April 2025 with the yen near 160.
A higher dollar raises the cost of imported fertilizers, fuels and crop protection for Brazilian producers, and can support Brazilian export competitiveness for soymeal and corn. Currency moves therefore pass through to feed ingredient costs.
After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.