Corn Market - The corn market showed new buying interest with December futures testing $4.10, reaching a high of $4.1925 overnight on low trade volume of 10,500 contracts [1] - The National Corn Index increased to $3.7450, up 1.25 cents from Tuesday, indicating slight upward pressure on cash bids [1] - December futures are currently priced at $4.1650, placing them in the lower 23% of their 5-year price distribution range based on weekly closes [1] - Open interest in corn increased by 22,000 contracts during the recent rally, suggesting that the price movement was not solely due to short-covering [1] Soybean Market - The soybean market remained near unchanged, with November futures showing a trading range of 6.0 cents and a volume of 15,300 contracts [3] - The National Soybean Index rose to $9.3350, up 13.25 cents, but there are concerns about the sustainability of this increase due to weakening basis in some areas [3] - The Index recorded its lowest monthly close since August 2020, raising questions about future price movements amid government shutdowns affecting sales announcements [3] Wheat Market - The wheat sub-sector was also near unchanged, with December SRW futures showing a trading range of 2.75 cents and a volume of 5,350 contracts [4] - The National SRW Index reported a daily gain of 3.0 cents, despite December futures closing lower, indicating potential discrepancies in market fundamentals [4] - Concerns arise regarding the reliability of National Indexes, as significant changes in cash prices and basis could indicate corrupted data affecting market analysis [4]