Market Analysis

Without many catalysts, Eurodollar futures crept higher throughout the day’s session. EDU0 and back month futures continue to make contract highs.
Corn futures broke to new contract lows yesterday in a fairly quiet/slow trading session.
Hong Kong’s Hang Seng Finished Up 3.9% and U.S Indices Follow.
Oil prices got hammed as Hurricane Dorian is expected to destroy demand and wreak havoc with U.S. oil and product inventory data. Our prayers are with those in the Bahamas.
A quiet overnight session was disrupted buy a weak ISM number, which moved futures swiftly higher. Specifically, the employment component was the weakest reading since 2016.
Agecroft Partners CEO, Don SteinBrugge offers his insights and views on the global negative interest rate environment.
Crypto is higher this morning with bitcoin back to the top end of last week's band. Volumes are up on the move and have finally returned to about the 30-day average.
December corn futures finished Friday's session on softer ground, spilling over into early morning weakness to start the new month. We are taking the light volume overnight/early morning trade with a grain of salt, as usual.
Slight weakness ensued ahead of the long Labor Day weekend and for good reason; outside of upbeat jawboning from both the U.S and China, there was absolutely no evidence the two sides had taken any real steps forward since announcing new tariffs on Friday, August 23rd.
Well, that was a crazy trading month. We take a look at what was working and not working in the month of August.