LatinNews Daily - 09 June 2022

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In brief: Brazil’s grain harvest forecast for 2022 revised up

* Brazil’s national statistics institute (Ibge) has updated its forecast for the 2022 harvest of grains, cereals, legumes, and oilseeds, predicting a record harvest of 263.0m tonnes – up 0.6% on Ibge’s last harvest forecast in May. The predicted year-on-year increase is driven by a surge in corn cultivation, which is forecast to rise by 27.6% this year, compensating for predicted reductions in the cultivation of soybean (-12.1%) and rice (-8.4%).

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