Bloomberg News

Brazil’s Mato Grosso Corn-Area Outlook Lowered on Soybean Delays

November 29, 2012

Farmers in Brazil’s Mato Grosso state will plant less corn than expected as a second crop after soybean sowing was delayed, researcher Instituto Mato-Grossense de Economia Agropecuaria forecast.

Field work was delayed by a lack of rain, and the need to replant soybeans in some municipalities means farmers in the state will seed 2.79 million hectares (6.89 million acres) with corn, less than the 2.92 million hectares expected last month, Cuiaba, Brazil-based IMEA wrote in a report dated Nov. 23 and posted online this week.

The researcher said it’s keeping a yield forecast of 80 bags (4.8 metric tons) of corn per hectare, and predicts a Mato Grosso crop of 13.3 million tons in 2012-13. About 5.8 percent of it has already been sold, IMEA said.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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