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USDA FORECASTS PRICES OF CROPS TO DECLINE IN 2014/15
Source: USDA

Current USDA forecasts show declines in U.S. average farm prices for major U.S. field crops- -- corn, soybeans, wheat, and cotton -- -of 4 to 19 percent in 2014/15.

For corn, soybeans, and wheat, this would be the second consecutive year of declining prices.

Soybean prices are forecast to decline the most in 2014/15, based on an expected record U.S. crop, combined with ample supplies from Brazil and Argentina.

U.S. corn prices are forecast to fall 10 percent in 2014/15, after a 35-percent decline in 2013/14, also based on a large U.S. corn crop forecast and competition from other exporters like Brazil, Argentina, and Ukraine.

U.S. wheat prices are forecast to decline about 4 percent in 2014/15, despite the forecast for smaller U.S. supplies, due to adequate supplies from both traditional and Black Sea wheat exporters. Although smaller cotton crops are forecast for China and India -- -the top two global producers -- -a larger U.S. crop is expected to lead to a fifth consecutive year of rising global cotton stocks and a 12-percent drop in U.S. prices in 2014/15.

Find additional analysis in the current ERS outlook newsletters: Feed Outlook: July 2014, Oil Crops Outlook: July 2014, Wheat Outlook: July 2014, and Cotton and Wool Outlook: July 2014. - See more at: http://www.farm-equipment.com/pages/Ag-Facts-US-Farm-Prices-of-Major-Field-Crops-are-Forecast-to-Decline-for-201415.php#sthash.Q6vzqWwx.dpuf


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