In Mato Grosso, the 2022–2023 sale of corn saw an increase of 4.87% from January to February, reaching 30.04% of the expected total production. The farmers’ optimism about the planting is what led to the outcome. If the average perspective of 104.29 bags per hectare is confirmed, Mato Grosso should produce almost 7.4 million hectares of corn in the second 2022–2023 and harvest 46 million tons. According to Imea, the negotiated price in Mato Grosso was 3.07% lower than last month due to the CME drop, which was BRL 59.02 per sack. Imea says that the first corn crop sales for 2023–24 have already occurred. Farmers traded 1.78% ahead of the upcoming crop, a 4.73% fall compared to the same time in the 2022–23 cycle.
Source: Canal Rural (*Translated by Ia Niani)