Take soybeans, the country’s biggest export, where U.S. futures prices hit a nine-year high in May. Land typically accounts for about a quarter of the cost for Brazilian soybean farmers, but – unlike fertilizers and pesticides, the price of global commodities tends to rise with the dollar – it doesn’t really appreciate when the real currency weakens. The same goes for spending on labor, taxes and other domestic costs.
https://www.washingtonpost.com/business/brace-yourself-brazil-is-about-to-rock-markets/2021/11/28/1e043922-50a8-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Brace Yourself. Brazil is about to open the market