Cannon Futures Weekly Letter

In Today’s Issue #1310

• The Week Ahead – FOMC Minutes, Bond Auctions & More

• Yield Curve 101

• First Notice & Last Trading Days

• Futures 102 – The Daily Briefing – What the Pros Know Before Trading

• Chart & Outlook

• Cannon Edge – Your Futures Trading Map for the week ahead!

• Trading Levels for Next Week
• Trading Reports for Next Week

What Futures Traders Should Watch This Week

FOMC, WASDE, Michigan, Uncertainty

By John Thorpe, Senior Broker

The Economic Data releases will find reason to potentially roil the markets, FOMC Minutes on Wednesday, Michigan consumer confidence, WASDE, headline the most impactful data releases.

The energy’s, metals, securities, grains and interest rates are swirling in the uncertainty from a lack of resolution in the attempted unwinding of the Iranian nuclear program.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

  Plan your trade and trade your plan!

Earnings Next Week:

·        Mon.  Quiet

·        Tue. Quiet

·        Wed. Quiet

·        Thu. Pepsi, Progressive, Delta Airlines,

·        Fri.   United Healthcare, Blackrock

Fed Speakers: (all times CDT)

·        Mon. Quiet

·        Tues.  Logan 6:00 pm

·        Wed. Quiet

·        Thu.  Quiet

·        Fri.   Quiet

Econ Data:

·        Mon.  PMI and ISM services, 3 and 6 Mo. Bill Auction

·        Tue. ADP Weekly, Redbook, Balance of Trade,6-week Bill Auction, 52-week bill auction, API Crude stock change

·        Wed. MBA Mortgage applications, Used Car Prices, Consumer Inflation Expectations, EIA Crude stocks change, Beige Book, 17-week bill auction, 5 yr note auction, 10 yr Note Auction, FOMC Minutes

·        Thu. Initial Jobless claims, Wholesale inventories, EIA Nat Gas Stocks, 4- and 8-week Bill auction, 30 yr Bond Auction, Fed Balance sheet

·        Fri. Mich. Consumer Sentiment, WASDE, Baker Hughes Oil Rig Count

The Yield Curve as a leading indicator

by John Thorpe, Senior Broker

There is much discussion of an inverted yield curve so I thought I should go down the rabbit hole and see if I could pull the hare from the hat, here is what I found:

The media likes to use the 10yr vs the 2 yr note spread as their leading indicator of a future recession when an inverted yield curve occurs triggering heightened risks of a recession. The Fed uses the “spread” between the 10yr note and a 3 month bill as a more accurate leading indicator of a recession than the former. (please see the final link below)

Federal Reserve Bank of New York, The Yield Curve as a Leading Indicator, https://www.newyorkfed.org/research/capital_markets/ycfaq.html

Disclaimer: Recession probability estimates are not official forecasts of the Federal Reserve Bank of New York, its president, the Federal Reserve System, or the Federal Open Market Committee.

READ FULL ARTICLE, see charts, graphs and analysis INSTANTLY

First Notice Day / Last Trading Day:

Below are the contracts which are entering First Notice or Last Trading Day for October. Be advised, the contracts below are deliverable. It is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

December Oats

December Oats have resumed their really into a new contract high where the chart is taking aim at its second upside PriceCount objective to the $4.41 area.

Schedule a one on one consultation with a licensed series 3 broker HERE

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at https://www.qtinfo.com/analysis/qt-chart-of-the-day/

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for Oct. 5th 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

• Current price and daily % change
• 30‑day and 52‑week highs/lows
• PROPRIETARY Short‑term and long‑term trend signals
• Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for Oct. 5th, 2026

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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