WASDE Supply and Demand Update: November 2020

Mac Marshall

Mac Marshall

United Soybean Board and U.S. Soybean Export Council

The U.S. Department of Agriculture’s monthly World Agricultural Supply and Demand Estimates (WASDE) report helps to provide a common, timely, and unbiased understanding of current agricultural conditions with a globally comprehensive look at key agricultural markets.

The U.S. Soybean Export Council’s webcast aims to provide a deep dive each month into the most recent WASDE. This month, Randy Mittelstaedt Head of RJO Market Insights for R. J. O’Brien joined USSEC CEO Jim Sutter and me to provide perspective on the August 2020 WASDE.

As the U.S. harvest approaches the finish line, we have a much sharper picture of the domestic and global supply situation. With near-term global demand continuing its robust growth and outpacing long-term trends, tightness in balance sheets has fueled price appreciation as evidenced in this month’s WASDE release. For more insight, we present this month’s WASDE webcast and accompanying slides.

To watch U.S. Soy’s November 2020 WASDE Update, register here to access the recording.