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

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 ...