Wednesday Weekly Grain Seasonal Review 4.20.22

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.

Seasonal analysis is about price direction or the trend.

Soybeans

The short term correlation (20-days) is still tracking the 9-year seasonal line. The 50-days correlation is still tracking the 1-year seasonal line. The 100-days correlation is still tracking the 10-year seasonal line. Also, the 200-days correlation is still tracking the 8-year seasonal line.

Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 9_Yr
76.06
1_Yr
65.76
10_Yr
89.75
8_Yr
82.00
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 9_Yr
77.45
1_Yr
65.96
10_Yr
89.33
8_Yr
80.25

Wheat

The short term correlation (20-days) is now tracking the 1-year seasonal line. The 50-days and 100-days correlation are tracking the 8-year seasonal line. The 200-days correlation is still tracking the 1-year seasonal line.

Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 1_Yr
62.87
8_Yr
70.44
8_Yr
70.65
1_Yr
52.13
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 9_Yr
66.67
8_Yr
75.32
4_Yr
68.34
1_Yr
51.58

Corn

The short term correlation (20-days) is still tracking the 1-year seasonal line. The 50-days and 100-days correlation are still tracking the 8-year seasonal line. The 200-days correlation is still tracking the 1-year seasonal line.

Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 1_Yr
87.37
8_Yr
88.34
8_Yr
94.97
1_Yr
85.49
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 1_Yr
70.71
8_Yr
91.73
8_Yr
95.08
1_Yr
83.92