WASDE Supply and Demand Update: August 2020
- Market Information
- Virtual Events
As USSEC continues to connect with key global audiences via virtual events during the COVID-19 pandemic, a monthly webcast aims to provide a deep dive into the most recent World Agricultural Supply and Demand Estimates (WASDE) from the U.S. Department of Agriculture (USDA). The WASDE report helps to provide a common, timely, and unbiased understanding of current agricultural conditions with a globally comprehensive look at key agricultural markets.
Each month, United Soybean Board (USB) VP - Market Intelligence Mac Marshall hosts this webinar to break down the report for customers of U.S. Soy. USSEC CEO Jim Sutter; Ken Eriksen, Senior Vice President, IHS Markit; Arlan Suderman, Chief Commodities Economist, StoneX Group Inc.; and USSEC Regional Director – Americas Carlos Salinas joined Marshall to provide perspective on the August 2020 WASDE.
During this digital event, Marshall offered insight into the U.S. soy complex for the current (19/20) and upcoming (20/21) marketing years to 319 live attendees from 53 countries. As illustrated in his presentation, overall demand for U.S. Soy remains strong both domestically and internationally. Exports and their continued growth are critical for the U.S. soy complex; currently, nearly 60 percent of U.S. soy products are exported. Long-term demand growth continues at a strong pace and U.S. Soy is well-positioned to serve the global market.
For more details or to watch this presentation, please click here.