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 now tracking the 6-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 | 6_Yr 87.11 |
1_Yr 62.18 |
10_Yr 89.04 |
8_Yr 83.66 |
| Last Week | ||||
| 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 |
Wheat
The short term correlation (20-days) is still tracking the 1-year’s 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 44.09 |
8_Yr 57.06 |
8_Yr 76.29 |
1_Yr 54.34 |
| Last Week | ||||
| 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 |
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 95.04 |
8_Yr 84.55 |
8_Yr 95.34 |
1_Yr 87.20 |
| Last Week | ||||
| 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 |