Rabobank Sees Lower Crop Prices in 2014 Amid Ample World Supply
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Agricultural commodities including soybeans and corn, the worst-performing commodity this year, probably will extend declines in 2014 as world supplies remain ample, Rabobank International said in its annual outlook report.
The world is entering a period of “more balanced” supply and demand fundamentals after a decade of increasing volatility that drove prices for many farm goods to records, Rabobank analysts led by Luke Chandler in Sydney, said in the e-mailed report today. Increased planting of grains and oilseeds and a potential slowdown in crop use for biofuels mean prices for corn and soybeans will trend lower next year, he wrote.