
Brazilian markets sold off after the Tuesday national holiday, with the real weakening more than 2% against the dollar. Traders cited concerns over President Bolsonaro's hardening political stance.
Stocks also fell nearly 3%.
Political turmoil weakens the real, which makes Brazilian soybean and corn exports cheaper in dollar terms and can encourage farmer selling. Feed buyers should watch for further currency-driven export price moves.
Setelah 301 peristiwa makro bullish sebelumnya, Real Brasil (BRL per USD) bergerak median +0,4% selama 5 sesi (57% lebih tinggi; separuh tengah -1,2% sampai +1,7%), dan +1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.