Weekly Grain Seasonal Review 2.14.24

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.

Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

Soybeans

Soybeans

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
40.30
9_Yr                    
78.21
4_Yr                    
42.87
6_Yr                    
37.47
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
58.23
9_Yr                    
77.18
6_Yr                    
47.05
6_Yr                    
43.86

Wheat

Wheat

 

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation8_Yr                    
32.40
9_Yr                    
71.29
9_Yr                    
44.43
6_Yr                    
77.18
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation8_Yr                    
42.30
9_Yr                    
61.21
9_Yr                    
38.89
6_Yr                    
77.12

Corn

Corn

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation8_Yr                    
75.06
9_Yr                    
56.15
8_Yr                    
74.41
10_Yr                    
80.65
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
26.68
9_Yr                    
49.13
8_Yr                    
73.37
10_Yr                    
81.97

Disclaimer

Trading and investment carry a high level of risk, and CQG, Inc. does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated CQG trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. The opinions expressed here are solely those of the author and do not reflect the opinions of CQG, Inc. or its affiliates.