CME Group

December Gold futures faced a sharp decline to close out the week as hawkish comments from the Jackson Hole economic symposium drove short-term Treasury yields higher. With the market digesting the prospect of higher-for-longer interest rates, the opportunity cost of holding non-yielding assets weighed heavily on the metals complex.

Oliver Sloup recaps a mixed finish to the week for the livestock complex. Live Cattle futures continue a four-week slide alongside softer cash trade, while Feeder Cattle also mark their lowest weekly close since last November. Conversely, Lean Hog futures catch a bid, breaking a multi-week downward trend to close higher. FOLLOW THE MARKETS

An overview of the week ahead: Fed Chair Kevin Warsh's Jackson Hole speech shifted expectations, pushing the 2-Year yield higher and raising the probability of a September rate hike to 57%. The focus now turns to Friday's U.S. nonfarm payrolls report, which will serve as a key test for the Fed's next move alongside a stubborn 3.7% core PCE inflation rate. Meanwhile, WTI Crude Oil futures hover in the low $80s as Iran-Oman talks over the Strait of Hormuz introduce potential supply considerations.

Todd Colvin breaks down a volatile week for interest rates following hawkish remarks from Jackson Hole. The 10-Yr yield rallied five basis points to close near 4.72% as markets reprice expectations for future rate hikes. Looking ahead, focus shifts to ISM data and Friday's nonfarm payrolls report.

Oliver Sloup breaks down a big week of gains across the grain complex, led by a sharp rally in wheat. Corn futures see a three-week surge amid reduced production estimates, while Soybean futures benefit from a flurry of international flash sales and returning demand.

RBOB Gasoline futures reach their highest levels in over three months, driven by larger-than-expected inventory drawdowns and domestic refineries operating near full capacity. This upside momentum creates notable price dispersion in the energy sector, as WTI Crude Oil futures lag behind and remain range-bound between $82 and $83. Dan Deming explores the diverging trends, analyzing how system tightness is supporting the gasoline rally while crude oil consolidates at lower levels. FOLLOW THE MARKETS

Dan Deming recaps a week of shifting momentum across equity index futures. Nasdaq-100 futures pulled back from recent highs on Friday as markets digested mixed earnings reactions and a hawkish tone from Jackson Hole. Yield-sensitive sectors bore the brunt of the pressure, with Russell 2000 futures dropping 1.5% on the session. FOLLOW THE MARKETS

Bob Iaccino analyzes the currency markets as Euro futures experience their largest percentage decline in a four-session slide. The move follows hawkish comments at Jackson Hole, which pushed short-term Treasury yields higher and shifted rate expectations. Iaccino details how the stronger dollar and rising short-term yields are creating a headwind for the euro, reversing the support the currency had seen from earlier Treasury buyback plans. FOLLOW THE MARKETS

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As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed in the advisory at the link below. The rates will be effective after the close of business on August 28, 2026.