Market Intelligence Monthly – November 2020

Mac Marshall

Mac Marshall

United Soybean Board and U.S. Soybean Export Council

What a month! November saw the U.S. soybean harvest wrap up, and the hard work that farmers put in across the country couldn’t have come at a better time as demand both domestically and internationally remains as strong as ever. With slight reductions to the estimated U.S. crop size coupled with continued robust demand and supply concerns in South America, soybean prices climbed to their highest levels since 2014. Let’s take a look back at the fundamental factors driving soybean markets in November.