Wednesday Weekly Grain Seasonal Review 5.18.22

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 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 3_Yr
79.74
9_Yr
17.53
8_Yr
82.91
8_Yr
84.60
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 3_Yr
71.73
6_Yr
21.55
4_Yr
84.54
8_Yr
85.15

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 7_Yr
77.08
1_Yr
35.91
8_Yr
85.00
1_Yr
69.37
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 3_Yr
50.66
5_Yr
44.01
8_Yr
83.21
1_Yr
59.30

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 6_Yr
56.15
1_Yr
79.67
8_Yr
93.57
1_Yr
90.73
Last Week        
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 6_Yr
75.85
6_Yr
82.76
8_Yr
96.43
1_Yr
89.17