Brazil Forecasts Record 354.5 Million-Tonne Grain Harvest for 2026

Brazil's statistics agency, IBGE, put the 2026 grain harvest at a record 354.5 million tonnes in its September estimate, 2.4% above 2025 and 0.4% above its August forecast. The estimate covers cereals, legumes and oilseeds, with the harvested area projected at 83.2 million hectares, up 2% from the previous year. Soybean output is forecast at 175 million tonnes and maize at 143.3 million tonnes. Rice production is expected to reach 11.2 million tonnes, down 11.4% from 2025, while rice, maize and soybeans together account for 93% of expected grain production.