Friday Futures Trading Preview: Drought and Jackson Hole in Focus

Markets head into Friday with attention turning to both weather developments and central bank commentary.

Equity, Gold, Silver Futures

In the financial sector, U.S. equity futures remain near record highs, while crude oil continued its advance, gaining more than 2% on Thursday. Gold and silver also held firm, reflecting ongoing investor interest in hard assets.

AGs

For agriculture, the latest USDA drought data shows worsening conditions across several major crops. Areas experiencing moderate drought or worse increased for soybeans, cotton, wheat, rice, and sorghum. The trend could continue to support weather-sensitive grain and oilseed markets if forecasts remain unfavorable.

Soybean

Soybeans closed slightly higher and continue to hold a positive technical trend. Cotton was among Thursday’s strongest agricultural performers, gaining more than 3%, while wheat also posted solid gains.

Important Dates

Friday’s economic calendar features several European inflation releases, U.S. Chicago PMI data, a preliminary benchmark payroll revision, and comments from Federal Reserve officials. The Jackson Hole Symposium will remain a key focus for traders looking for clues on future monetary policy.

As the week closes, traders will be watching whether drought concerns can provide additional support for agricultural markets while broader financial markets react to Fed-related headlines.

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December Meal

December Meal satisfied its second upside PriceCount objective that is consistent with a challenge of the fall high. It would be normal to get a rear term reaction from this level in the form of a consolidation or corrective trade. IF the chart can sustain further strength, the third count would project a possible run to the $361 area.

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 www.qtchartoftheday.com

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.

Cannon Edge — Your Daily Futures Snapshot for August 28th

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.

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Daily Levels for August 28th, 2026

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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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