Text Preferred Height not expanding even with content size fitter

Hi, I've been trying to make my text object expanding when the actual text string is too long to fit the width (wrap). i tried options like this: http://answers.unity3d.com/questions/778962/new-uitext-rect-to-fit-with-text-size.html and http://stackoverflow.com/questions/25637659/adjusting-the-height-of-unity-4-6-ui-text-according-to-content and many more. In the screen shot you will see my setup in a new project, maybe you can tell why the text is overflowing but the preferred Height is not expanding, and the Rect is the same oneliner? (the img in red border is what i actual want to achieve dinamically, now I just changed the height manually without the content size fitter constrains.