Market Intelligence Monthly – September 2020

Off to the races! For the first time in history, the Kentucky Derby took place in September – but horses weren’t alone in being quick out of the starting gate this month. U.S. soybean exports are off to a record start, with 4.7 million metric tonnes (MMT) shipped through late September and total commitments for the new (20/21) marketing year are over 38 MMT, a record for this point in the season. Harvest pace has been strong as well, ensuring that U.S. Soy is getting to our customers both domestically and overseas as we enter our peak export season. For deeper analysis of soybean market developments during September, please enjoy U.S. Soy’s Market Intelligence Monthly report for September 2020.


Mac Marshall
Mac Marshall

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. Prior to joining the United Soybean Board, Mac served as global market analysis and trade lead at Bayer Crop Science, where he worked on international market access issues as part of a global agricultural policy team. Prior to Bayer’s acquisition of Monsanto, Mac worked in Monsanto’s global strategy group with a focus on commodity market analysis in support of the company’s long-term strategy setting and understanding of near-term market dynamics. Before joining Monsanto in 2014, Mac served as a staff economist at the United States Bureau of Labor Statistics with a focus on agricultural commodities, in addition to serving as the supervisory economist leading a team of economists covering service industries. He holds a B.A. in economics from Vassar College and an M.A. in applied economics from Johns Hopkins University.