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On February 13, 2014, the Chicago agricultural products futures higher

Number of visits: Date:2014-02-14

Xinhua Chicago Feb. 13 (xinhua Xu Jing) 13 major agricultural products futures rallied on Chicago.Among them, the biggest increase in price.

The cbot corn market trading in March 2014 of the most active contract closed at $4.405 a bushel, more than the previous trading day up 0.5 cents, or 0.11%.Wheat in March 2014 contract closed at $5.955 a bushel, more than the previous trading day up 8.5 cents, or 1.45%.Soybean contracts in March 2014 closed at $13.4425 a bushel, more than the previous trading day up 21.25 cents, or 1.61%.

13 to the United States department of agriculture issued 10 years baseline report, forecast for the next few years American corn, wheat and soyabean stocks will increase.Report predicted that U.S. corn farm 2015-2016 crop year will be the bottom price, $3.3 a bushel;Between 2017 and 2018 annual U.S. corn crop planting area will be decreased from 2012-2013 crop year 2012 acres to 88 million acres.The American farm corn will average eight consecutive annual cash less than $4 a bushel.

Report predicted that U.S. wheat will drop by 1.7 million acres of cultivated area, will be stable in soybean acreage 78 million acres;U.S. wheat prices in 2015-2016 crop year, to $4.3 a bushel;Soybean prices will also be in the same year, to $8.85 a bushel;Soyabean prices is expected to 2023-2024 crop year again to $10 a bushel.

Report overall bearish markets for agricultural products in the United States.If is not affected by bad weather conditions, the next few years the United States agricultural profits will be squeezed.

The weekly export report for corn and wheat, bad soybeans., according to a report by the 6 days a week, the United States export 21.9 million bushels of wheat, 50 million bushels of corn, 6.4 million bushels of soybeans.

In addition, the United States department of agriculture is expected to future growth in demand for corn ethanol production co., LTD.;Market rumors that China is trying to resell the other six to eight ships U.S. soybeans.

13th overall bearish news released soybean futures.However, because of soybean meal demand the end user, pull soybean prices, and challenge the resistance level of $13.4 to $13.5.

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