Global Scans · Brazil · Weekly Summary

WHAT'S NEXT?: A recession in Brazil is expected to bottom out with growth turning positive starting in 2017. Its economy is expected to require a long period of fiscal and monetary adjustment after the political turmoil and public discontent of the last two years.

• [New] The BRICS Summit in 2026 will provide a platform for Brazil and Russia to further anchor their economic cooperation within a broader geopolitical context. BRICS
• [New] Brazil is developing regulations to reduce methane emissions from the oil and gas sector, expected by 2026. IEA
• [New] The Eurosystem is working to link its fast payment system with key global partners to improve cross-border payment systems involving the euro and other currencies, including a connection with India by 2027, with similar plans being explored for Switzerland, Brazil and Nexus Global Payments. European Central Bank
• [New] Brazil introduced protective duties for some polymer imports and some analysts predict an intensification of trade defences in 2026. Chemistry World
• [New] Brazilian and Argentine farmers are expected to pull back on application, threatening global yields. Pro Farmer
• [New] Brazil will export 15.9 million tons of soybeans in May, slightly below April's record of 16.75 million tons, and 2 million tons above May last year. UkrAgroConsult
• [New] Globally, the USDA forecasts record soybean supplies in 2026/27, with production increasing over 3% compared with 2025/26 to 441.5 million metric tons (MMT), led by Brazil's ever-persistent production expansion, which is forecast at 186 MMT, up over 3% or 6 MMT compared with 2025/26. American AgCredit
• [New] Brazil is expected to consume approximately 70% of its corn production domestically, up 4.3 percentage points from its five-year average, leaving exportable supplies more limited to the global marketplace. American AgCredit
• [New] Brazil's soybean crop is forecast at 186 million metric tons, while Argentina's production is projected at 50 million metric tons. Grain Journal
• [New] Brazil has 6.89 million developers today, projected to reach 19.6 million by 2030 (third-largest community globally); China is projected at 17.7 million by 2030. Digital Applied
• [New] Demand for mood-support botanicals in Brazil is projected to rise at 7.6% CAGR through 2036, supported by increasing adoption of herbal wellness supplements, growing emotional wellness awareness, and rising demand for natural stress-management solutions. FactMr
• [New] Brazil soybean crop estimates converge near record levels: Forecasts cluster around 177-181 MMT, with strong yields offsetting southern dryness risks. Ag Bull Trading
• [New] If Brazilian farmers scale back use due to cost or availability constraints, crop yields will decline significantly, transmitting shocks directly into global markets. New Food
• [New] Brazil and the US have signed a cooperation deal to expand joint efforts on cross border crime, illustrating the Brazilian Executive will to position Lula's administration in transnational security issues. FTI Strategic Communications
• [New] The Brazilian government has every incentive to push for the procedural acceleration that French and Polish opposition will try to slow down. Peterson Institute for International Economics
• [New] Vaccination coverage in Brazil has declined in recent years, largely driven by misinformation, fear, and distrust. EurekAlert!
• Brazil occupies a pivotal position in the global climate agenda, combining significant transition risks with unique opportunities linked to its natural capital and emerging carbon markets. Industry Link
• The 12-month forecast (Feb 2026-Jan 2027) indicates northwestern surpluses moderating by mid-2026, and central Brazilian deficits easing by late-2026. ISCIENCES
• Global coffee prices have fallen sharply from the record highs above US$ 4.40/lb reached in early 2025, as Brazil's national supply agency forecasted a record 66.2 million bag harvest and Rabobank noted the first significant global production surplus in five years. CNS Media

Last updated: 09 June 2026