
The commercial dollar hovered near stability in Brazil after rising 1.62% the previous day to its highest close since June 2025. Market distrust of the government's fiscal policy persists following Senate approval of the main text of a package targeting about R$50 billion in savings.
US producer price data was also due.
A stronger dollar against the real raises the cost of imported inputs for Brazilian feed and makes Brazilian soybean meal and corn more competitive on export markets.
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.
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.