Group 1 - Chicago futures market saw an overall increase in corn, wheat, and soybean prices on August 29, with corn December contract closing at $4.20 per bushel, up 10.25 cents or 2.5% from the previous trading day [1] - Wheat December contract closed at $5.34 per bushel, up 5.25 cents or 0.99%, while soybean November contract closed at $10.55 per bushel, up 6.5 cents or 0.62% [1] - The corn December contract broke through the 50-day moving average, prompting funds to cover short positions ahead of the Labor Day holiday, significantly boosting corn prices [1] Group 2 - Market analysts express skepticism about the corn December contract's ability to break through the resistance level of $4.20 due to increasing sales of new crop corn, suggesting that the rebound may present new selling opportunities [1] - Wheat futures followed the upward trend of corn prices [1] - The U.S. Energy Information Administration reported disappointing figures for soybean oil consumption in diesel production, with June consumption at 1.045 billion pounds, only a 20 million pound increase from May and a 94 million pound decrease from the same month last year [1] Group 3 - The U.S. Department of Agriculture has not released export reports for five consecutive days [2] - Weather forecasts indicate increased rainfall in the western and northern parts of the Midwest after September 2, with expected coverage of 40% to 50% in the eastern Midwest [2] - Cooler weather is anticipated over the next ten days [2]