Core Insights - Chicago futures market saw a rise in corn, wheat, and soybean prices on November 3, with corn at $4.34 per bushel, wheat at $5.44, and soybeans at $11.34, reflecting increases of 0.64%, 1.78%, and 1.7% respectively [1] Group 1: Price Movements - The most active December corn contract rose by 2.75 cents, while the December wheat contract increased by 9.5 cents, and the January soybean contract gained 19 cents [1] - The January soybean contract reached a new high, with a target price of $11.40 per bushel, supported by algorithmic trading [1] Group 2: Export Data - As of the week ending October 30, U.S. corn export inspections totaled 65.6 million bushels, soybeans at 35.5 million bushels, and wheat at 12.8 million bushels, all meeting trade expectations [1] - Cumulative export inspections for the current crop year show corn at 482 million bushels (up 188 million), wheat at 434 million bushels (up 74 million), and soybeans at 286 million bushels (down 239 million) compared to the previous year [2] Group 3: Weather Impact - Weather forecasts indicate that wet conditions in Brazil will persist until mid-November, aiding spring planting and seed growth, with no extreme heat expected [2]