Group 1 - The main contract for late indica rice futures remains unchanged at 2535.00 CNY/ton as of the report date [1] Group 2 - In the third week of November 2025, Brazil exported a total of 3.939 million tons of corn, down from 4.7264 million tons in November last year, with an average daily shipment of 281,400 tons, representing a 13.11% increase compared to last November's 248,800 tons per day [2] - In the next 6-10 days, 20% of the major corn-producing areas in the United States are expected to experience above-normal temperatures, while 90% of the areas are likely to see precipitation above historical averages [2] - As of November 20, 2025, the U.S. corn export inspection volume was 1,632,144 tons, which is a 21% decrease from the previous week but a 62% increase year-on-year, with total export inspections for the 2025/26 season up 72% compared to the same period last year [2] - According to AgRural, as of last Thursday, the planting area for Brazil's first corn crop in the 2025/26 season has reached 93% of the planned area in the central-southern region [2]

Group 1 - The main contract for late indica rice futures remains unchanged at 2535.00 yuan/ton as of the report date [1] Group 2 - According to foreign media forecasts, U.S. corn net export sales for the 2025/26 marketing year are expected to be between 800,000 to 2,000,000 tons as of the week ending October 16, 2025 [2] - The Brazilian National Association of Grain Exporters (ANEC) anticipates that Brazil's corn exports for October will reach 6.57 million tons, an increase from the previous week's estimate of 6.46 million tons [2] - As of the week ending October 17, the deliverable inventory of corn at CBOT was reported at 15.067 million bushels, a 23.80% increase from the previous week’s 12.17 million bushels, but a 37.27% decrease from the same period last year when it was 24.019 million bushels [2] - The Executive Director of the International Sugar Organization (ISO) stated that U.S. government subsidies to corn growers distort U.S. corn ethanol export prices, impacting market competition [2]