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U.S. Soy WASDE Update - November 11

Start Date:11/11/2020

Start Time:7:00 AM CST

Duration:45 minutes


The World Agricultural Supply and Demand Estimates (WASDE) is a monthly report published by the United States Department of Agriculture (USDA) providing comprehensive forecast of supply and demand for major crops globally and United States). The 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 WASDE report as an indicator at to where supply and demand, and ultimately the price soybeans may go. USSEC is pleased to announce that it is initiating a monthly Global Webcast updating its partners around the world on the WASDE report and its potential implications for soybean markets. Each monthly report will include an analysis of how the U.S. Department of Agriculture has updated the global supply and demand projections for soybeans, and also feature an invited market analyst to offer opinions on how the changes to the WASDE might impact soybean markets. Please join us on November 11, 2020 at 07:00-8:00 AM Chicago Time for the following U.S. SOY WASDE Update.

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Jim Sutter



Jim Sutter joined the U.S. Soybean Export Council (USSEC) as Chief Executive Officer in 2010 after over 30 years of industry experience with Cargill, Inc. Since joining USSEC Sutter has led strategy development to ensure that the organization’s key focus is on differentiating and building a preference for U.S. Soy. Key initiatives have included building on the competitive advantage of U.S. Soy’s sustainability, improving the partnership with China in the area of sustainable food security, and demonstration of the intrinsic and extrinsic advantages of U.S. soy to customers around the globe. Jim is also actively working with various industry associations around the world on behalf of U.S. Soy. He grew up on a crop and cattle farm in northeastern Colorado, received a degree in Agricultural Business/Economics from Colorado State University. Jim has worked and lived in numerous global locations and now makes his home in St. Louis, Missouri.

Mac Marshall

Vice President, Market Intelligence

United Soybean Board / USSEC

Mac Marshall serves as the Vice President, Market Intelligence for the United Soybean Board (USB). In this capacity, Mac works with USB 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 USB, 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.

Randy Mittelstaedt

Head of RJO Market Insights


Randy has been involved in fundamental analysis of commodity markets for more than 25 years, specializing in grains and oilseeds. He joined R.J. O'Brien in 2000 and is currently the Head of RJO’s Market Insights. In this role, he is regularly relied upon to aid in risk management and hedging decisions for commercial clients based on his analysis of the macro factors impacting the grain markets. Randy has given numerous presentations to industry groups and agri-business clients and is regularly relied upon by national media as an expert in grain futures markets. Prior to R.J. O'Brien, Randy was Senior Grains Analyst for Merrill Lynch for over seven years, providing all fundamental research in coarse grains and wheat.
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