# The dollar rose 10.84% in Brazil, but producers held back soybeans

> The Brazilian real weakened from R$5.0377 to R$5.5840 per US dollar between October 23 and November 10. Analyst Brandalizze estimated that Brazilian producers still held over 30 million tonnes of soybeans while only 0.5 to 0.8 million tonnes were sold that week.

- Date: 2026-11-11 · published 2026-11-12T13:36:16.181Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/95600-the-dollar-rose-10-84-in-brazil-but-producers-held-back-soybeans
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker real raises the local-currency value of Brazilian soybean exports, but farmer hoarding of unsold supply tightens near-term availability and can support export prices.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-05-18 | [Brazil's Scandal Hits Soybean Prices](https://feedsoft.ai/events/7584-brazil-s-scandal-hits-soybean-prices.md) | +5.6% | +5.6% |
| USDBRL | 2025-11-19 | [Dollar rises in the Brazilian market following international movement \| Brasil 247](https://feedsoft.ai/events/22163-dollar-rises-in-the-brazilian-market-following-international-movement-brasil-247.md) | +1.3% | +3.8% |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2021-01-22 | [Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder](https://feedsoft.ai/events/49387-latam-fx-falls-as-dollar-rises-brazil-real-lags-peers-for-the-week-markets.md) | +0.4% | +0.3% |
| USDBRL | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -3.5% | +1.9% |
| SOY | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | +1.2% | -8.1% |
| SOY | 2020-12-03 | [Grains and the Dollar: An Imperfect but Negative Relationship](https://feedsoft.ai/events/5269-grains-and-the-dollar-an-imperfect-but-negative-relationship.md) | +0.5% | +14.1% |
| SOY | 2018-01-24 | [Dollar tanks the most in 10 months after Mnuchin says weak dollar is good](https://feedsoft.ai/events/10401-dollar-tanks-the-most-in-10-months-after-mnuchin-says-weak-dollar-is-good.md) | +1.4% | +4.9% |

## Sources

- argenfields.com: https://www.argenfields.com/noticias/el-dolar-subio-10-84-en-brasil-pero-los-productores-retuvieron-soja-236e21

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.