Soy: Panorama of the Week in Mato Grosso - 20/01/2023

According to Imea (Mato Grosso Institute of Agricultural Economics), in a bulletin released on January 16, 2023, the commercialization of soybeans in the 21/22 harvest is 2,07 pp behind the value recorded in the same period for the 20/21 harvest. XNUMX.

As for the current 22/23 soybean harvest in the state of Mato Grosso, the vegetative development outlook for crops is as expected. Even with the adversities that slowed the progress of sowing, mainly between September and October last year.

The soybean harvest continues to advance across the state. However, the large volumes of rainfall in some regions have been causing problems, both for carrying out operations and for the logistical flow of grains. Since rain impacts the condition of important drainage routes, such as MT-240 and MT-235, which are unpaved roads. Therefore, the travel time for trailers, the wear and tear on the trucks and, consequently, the price of freight has already increased in cities like Nova Mutum.

Market

This week the soybean market in the state of Mato Grosso showed a slight positive variation. As we can check, through the Tarken quotes, presented below.

Tarken quotes for the Soybean market in Mato Grosso today, January 20, 2023, evaluating price fluctuations in the last 30 days:

• Soy in Sorriso R$160,10/sc (up 0,27%)

• Soybeans in Sapezal R$159,81/sc (down 0,52%)

• Soybeans in Campo Novo do Parecis R$161,64/sc (up 0,28%)

• Soybeans in Nova Mutum R$161,95/sc (up 0,26%)

By Ferdinand Marques, analyst Tarken