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RABOBANK FORECASTS COMMODITY PRICES TO BE STABLE NEXT YEAR
Farm Progress reports:

In its annual agricultural commodities outlook report, Rabobank indicated that commodity markets are expected to be stable into 2014, a change of pace from the past decade.

Rabobank's overview explains that recent high prices have made it beneficial for farmers to increase planted acreage of grains and oilseeds. And with few production setbacks in 2013, production has outpaced consumption.

Rabobank says while most of the price easing has already taken place, grains and oilseeds will continue to see prices ease into 2014.

Outlooks for wheat and corn are mostly neutral, with corn leaning bearish on supply pressures. The outlook for soybean prices is heavily bearish on sustained global demand.


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