Spot Price for Corn in Mato Grosso up 6% Last Week
The spot price for corn in Mato Grosso increased 6% last week, closing last Friday at R$ 64.80 per sack (approximately $5.10 per bushel) according to the Mato Grosso Institute of Agricultural Economics (Imea).
Planting of the safrinha corn in Mato Grosso hit 85% late last week, which represents a gain of 17.8% from the prior week.
The spot price for soybeans in Mato Grosso remained unchanged last week, closing last Friday at R$ 106.22 per sack (approximately $8.35 per bushel) according to Imea.
Soybean harvest in Mato Grosso hit 82% late last week which represents a gain of 16% for the week.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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