As international trade is critical to the U.S. soybean industry and we are in the fifth week of the new marketing year, it’s important to understand the forces at play and the key drivers. That’s why the U.S. Soybean Export Council (USSEC) will host a webinar Oct. 12 at 7 a.m. (Central Time), on the heels of the U.S. Department of Agriculture releasing its World Agricultural and Supply Demand Estimates.

The webinar will be led by Mac Marshall, vice president of market intelligence for USSEC and the United Soybean Board. Marshall will be joined by guest market analyst Chip Whalen, who serves as vice president of the education and research team at Commodity & Ingredient Hedging (CIH), and Brent Babb, USSEC regional director for Greater Europe and Middle East/North Africa.

There is no cost to register, and individuals from around the world who are interested in the global soy complex are encouraged to attend. Registration can be completed online at: https://ussec.org/events/u-s-soy-wasde-update/.

“Our goal with this monthly webinar spotlighting USDA’s WASDE numbers is to keep our partners around the world updated on global supplies, specifically that of the U.S., and its potential implications for soybean markets,” said Paul Burke, USSEC senior director of U.S. Soy Marketing.

The monthly World Agricultural Supply and Demand Estimates report provides an analysis of the fundamental condition of the agricultural commodity markets for the use of farmers, governments and other market participants. Traders, farmers and soy processors around the world refer to the report as an indicator as to where supply and demand, and ultimately the price of soybeans may go.