Farmers in Mato Grosso Have Sold 99% of Their 2023/24 Soy Crop
According to the Mato Grosso Institute of Agricultural Economics (Imea), farmers in the state have sold 99.2% of their 2023/24 soybean production. The average selling price in November was R$ 139.32 per sack or approximately $10.55 per bushel.
For the 2024/25 crop that is currently in vegetative development, farmers in the state have forward contracted 41% of their anticipated 2024/25 soybean production, which is up 2.7% from a month earlier. With the crop developing normally, farmers have ramped up their forward sales. Additionally, the recent devaluation of the Brazilian currency also stimulated sales.
Mato Grosso is expected to produce a record soybean crop in 2024/25 with harvest starting in January and peaking in February, so farmers will need to empty all the storage space possible to make room for the new crop.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Secure Early Ticket (offline & online) for BLACK SEA GRAIN.KYIV by Jan 31!
Kernel expands partnership with Spanish vegetable oil producer
POSCO International boosts net profit by 26.5% in 2025 on energy and grain trading
Ukrainian soybean oil has captured almost half of the European market
Low water levels on US rivers reshape grain export routes
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon