Jan 17, 2025
Corn Prices Improve in Mato Grosso, Farmers Increase Sales
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Farmers in Mato Grosso have sold 93.6% of their 2023/24 corn production according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an increase of 3.9% from December.
The average price of the 2023/24 corn in Mato Gross during December was R$ 58.57 per sack (approximately $4.45 per bushel), which was up 0.5% compared to November.
For the 2024/25 crop, which will be planted in January and February, farmers in the state have forward contracted 26.6% compared to 16.7% last year at this time. This represents an increase of 2.8% compared to November.
The average price of the 2024/25 corn in Mato Grosso during December was R$ 45.62 per sack (approximately $3.45 per bushel). This represents an increase of 3.4% compared to November.
Mato Grosso is the largest safrinha corn producing state in Brazil and farmers are worried that persistent wet weather may delay the start of the soybean harvest which in turn, would delay the planting of the safrinha corn. The ideal planting window for safrinha corn in Mato Grosso closes about February 20th.