Brazil: Mato Grosso sells 5% of soy expected for 23/24, starts corn trading

Published 2023년 3월 14일

Tridge summary

Mato Grosso farmers have started selling their 2023/24 soy and corn crops, with soy sales reaching 4.92% of the expected production, a figure that's behind the historical average for this time of year. The delay in negotiations is attributed to farmers waiting for higher prices. Corn sales are also behind schedule, with 1.78% of the expected harvest already negotiated. The Mato Grosso Institute of Agricultural Economics (Imea) reported that soybean sales for the current harvest reached 52.26%, while corn sales were at 30.04%. Cotton sales for the 2023/24 crop were at 6.27%, a figure that's lower than the previous year and the historical average.

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Original content

By Nayara Figueiredo SÃO PAULO (Reuters) -Soy sales in Mato Grosso reached 4.92% of the expected production for the next 2023/24 crop, which will be planted from September, a monthly increase of 2.08 points, but behind the pace of previous years, said the Mato Grosso Institute of Agricultural Economics (Imea) this Monday. Farmers in the state started selling 2023/24 corn, with 1.78% of the expected harvest already negotiated, but also with a delay. "The delay is guided by the change in the profile of the producer, who has insured the grain aiming at higher prices," said the institute linked to farmers in a separate bulletin about soy. As for corn, "this delay in negotiations is linked to the delay in the marketing of inputs, since the first sales are carried out in the form of barter", he said. In the same period of the previous cycle, 16.28% of soybeans and 6.51% of corn were sold. The historical average for this time of year for the anticipated commercialization of oilseeds and ...

Source: NoticiasAgricolas