WASDE Supply and Demand Update: November 2020

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.


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.