NEWS
USDA Releases 10-Year Baseline
Katie Micik DTN Markets Editor
Thu Feb 13, 2014 01:25 PM CST

OMAHA (DTN) -- USDA expects U.S. crop prices to decline in the near term but remain above 2007 levels over the next decade, according to its annual baseline projections.

"In the near term, the agricultural sector continues to respond to high prices for many farm commodities in recent years. Global agricultural production of most major crops remains higher, for example, and prices initially fall," the report stated.

"Following those near-term adjustments, long-run developments for global agriculture reflect steady world economic growth and continued global demand for biofuels. Those factors combine to support longer-run increases in consumption, trade and prices of ...

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