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.
Vice President, Market Intelligence
United Soybean Board and U.S. Soybean Export Council
Mac Marshall serves as the Vice President, Market Intelligence for the United Soybean Board (USB) and the U.S. Soybean Export Council (USSEC). In this capacity, Mac works with USB and USSEC leadership to evaluate and establish long-term strategic initiatives in support of advancing domestic and international market opportunities for the U.S. soybean industry. He also serves as an industry source of market information and analysis.