
The Ibovespa rose 0.66% to 172,457 points on Friday, gaining 2.5% over the week. The Senate approved the main text of a fiscal bill with measures worth up to R$60 billion in 2027, which investors viewed as positive but insufficient.
The fiscal package shapes the expected path of the real, which affects Brazilian export competitiveness for grains and meals. The effect on feed prices is limited at this stage.
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.