NEWS
Strong Grain Prices Seen in Early 2013
Katie Micik DTN Markets Editor
Thu Nov 29, 2012 09:06 AM CST

OMAHA (DTN) -- Corn, soybean and wheat prices are expected to strengthen through the first quarter of 2013 and then trend lower through the rest of the year as global production rebounds, several banks stated in recent agricultural commodity outlooks.

"Agricultural markets are faced with the challenge of rebuilding global stocks next season given precariously balanced fundamentals," stated the opening line of Rabobank's report "Outlook 2013 -- Rebalancing on a Tightrope." "In order to achieve a build in stock levels in 2013, we expect prices -- particularly in grain and oilseed markets -- will need to move higher in Q1 ...

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