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.Live cattle futures traded to firm up but ended the session near unchanged after trading on both sides. We continue to question the value in front-month futures.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. Cooler weather continues to be a concern for the late-planted crop, if it stays in the forecast through the weekend, we would expect to see more premium come into the market.What a week, the S&P is 4.5% off the Sunday night low and the FOMO melt-up is engaged.U.S. and Chinese trade talks look more optimistic - for the moment. Trader focus on cooler weather in Midwest and early frost.U.S benchmarks are surging higher. The tables turned through yesterday morning after major three-star support held a retest at 7:00 am CT. Freshly upbeat rhetoric surrounding U.S and China trade has added a tailwind to yesterday’s trading session. Daily ranges have started to narrow as market participants search for new news. Market participants will continue to keep a close eye on weather as cooler temps work through the Midwest. The risk of an early frost still lingers in the back of our minds.