Increase in Corn and Soybean Prices in Mato Grosso Last Week

29-Mar-2025 10:32 AM

Increase in Corn and Soybean Prices in Mato Grosso Last Week
★ Spot corn prices in Mato Grosso increased by 3% last week, reaching R$ 71.26 per sack, approximately $5.68 per bushel.
★ Corn supply has significantly decreased due to rising demand for ethanol production.
★ Spot soybean prices increased by 0.2% last week, reaching R$ 107.71 per sack, approximately $8.60 per bushel.
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Improvement in 2024/25 Soybean Conditions in Argentina
★ Soybean harvesting has possibly begun in some fields in Argentina.
★ By the end of last week, soybean conditions in Argentina were rated as 27% poor/very poor, 44% average, and 29% good/excellent. The percentage of good/excellent conditions increased by 5% compared to the previous week.
★ The favorable/excellent category increased by 2% from the previous week.