By Dr. Michael Diliberto
LSU AgCenter
The attached August 2021 Crop Market Update for Corn, Soybeans, Rice, and Cotton contains a discussion on the latest supply and demand dynamics. In the August WASDE report, there were several points of interest to the corn market, as traders anticipated two important supply-side variables: U.S. corn (and soybean) yields forecasts and the size of Brazil’s corn crop. The demand-side variables of interest include: U.S. corn export estimates, Brazil shortages in their corn supply, China’s corn import forecast, and renewable biofuel demand.