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] Global Vehicle Production Growth: Emerging markets including India, ASEAN nations, and Brazil are accelerating vehicle production growth, with India's annual output projected to cross 6 million vehicles by 2030, all demanding locally assembled wiring harnesses. IMARC Group
• [New] By 2040, additional countries such as Brazil, Egypt, Indonesia, Kenya, Mexico, Nigeria, the Philippines, South Africa, Turkey, and Vietnam are expected to wield greater global influence, either independently or as part of regional blocs. GOV.UK
• [New] Key Dynamic & Vulnerability: Energy exporters (Brazil, Colombia) benefit from higher oil prices; Mexico's growth is constrained by USMCA uncertainty and weaker United States (U.S.) demand. LinkedIn
• [New] Brazil's strategic exposure to commodities linked to energy, AI, and defence will continue to bode well for BRL. Brown Brothers Harriman
• [New] The continued expansion of production in major exporting countries, including Australia and Brazil, together with the gradual commissioning of new low-cost capacity in West Africa, is expected to further increase an already abundant global supply. PricePedia
• [New] Brazilian food giant BRF reported expectations that World Cup-related sales could rise by as much as 50% compared with the 2022 tournament. flavorist.com
• [New] Commercial service will start by 2026, more than 100 units are ordered, and forecasts are for selling over 1,000 units, which are expected to create revenue above USD 2 Billion. / Brazil IMARC Group
• [New] The global coffee industry received important news during the week as Brazilian commodity experts forecast record coffee exports for the upcoming 2026/27 crop year. flavorist.com
• [New] Rabo writes that, with expectations for a narrowing interest rate differential between Brazil and advanced economies through 2026 and a potential recovery in the US dollar globally against a fragile fiscal backdrop in an election year, it expects USD / BRL to appreciate towards 5.35 by year-end. investing.com
• [New] USDA anticipates Brazil producing 186 mmt of soybeans and Argentina 50 mmt. DTN Progressive Farmer
• [New] The 3-million-metric-ton increase in Brazilian corn production was well above trade estimates, so it will be increasingly important to watch their weather moving forward. Successful Farming
• [New] For exports, the largest changes are expected for Australia (-1.2 million bales to 4.5 million), India (+500,000 bales to 1.5 million), Brazil (+300,000 bales to 15.0 million), the U.S. (+300,000 bales to 12.3 million), and Turkey (-300,000 bales to 600,000). WWD
• [New] In Latin America, the Brazilian Supreme Court is considering a potentially landmark ruling on the employment status of app-based drivers that could set a binding national precedent. Lewis Silkin
• 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
• Brazil is developing regulations to reduce methane emissions from the oil and gas sector, expected by 2026. IEA
• 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
• Brazil introduced protective duties for some polymer imports and some analysts predict an intensification of trade defences in 2026. Chemistry World
• Brazilian and Argentine farmers are expected to pull back on application, threatening global yields. Pro Farmer
• 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
• 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
• 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
• Brazil's soybean crop is forecast at 186 million metric tons, while Argentina's production is projected at 50 million metric tons. Grain Journal
• 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

Last updated: 23 June 2026