Abundant supplies to push down soybean prices in 2014, Rabobank says

12/15/2013 | Bloomberg

The prices for soybeans and several other crops are expected to continue their downward trend in 2014, thanks to ample supplies, according Rabobank International's annual outlook report. "We expect prices to continue to ease for most markets in the grain and oilseeds complex in 2014," said Rabobank analyst Luke Chandler. Production of all major oilseeds could hit 484 million metric tons in 2013-14, an increase of 5.4% from the year before.

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