Agriculture, Grains, Oilseeds, Meat
October 13, 2026
INFOGRAPHIC: Brazil likely to stay key food supplier in MY 2026-27 amid El Niño
By Sampad Nandy
Editor:
HIGHLIGHTS
CERA sees Brazil MY 2026-27 soybean output falling 2.2% on year
MY 2026-27 corn production expected to fall 4.5% on year: CERA
MY 2027 Beef output seen declining 4.1% on year: CERA
Brazil is expected to remain a key supplier to global agricultural markets in MY 2026-27 despite lower soybean, corn and beef production.
Brazil is the world's largest exporter of soybeans, beef and chicken, and the second largest supplier of corn globally.
The agricultural and food production is likely to decline in MY 2026-27 due to the ongoing El Niño condition in the Pacific Ocean and reduced fertilizer availability in the aftermath of the war in the Middle East.
Farmers in Brazil have started planting soybeans for MY 2026-27 (January-December) and the first corn crop for MY 2026-27 (April-March).
S&P Global Energy CERA expects soybean and corn output to decline. For MY 2026-27, CERA has forecast soybean production to fall 2.2% year over year and corn output to decline 4.5% year over year.
In animal proteins, CERA expects beef output to decline in 4.1% year over year in MY 2027 but sees chicken output rising 2.5% year over year.
