Weekly Grain Seasonal Review 11.22.23

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 Correlation5_Yr                    
77.68
9_Yr                    
71.02
9_Yr                    
54.86
6_Yr                    
50.93
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation3_Yr                    
74.58
9_Yr                    
69.01
2_Yr                    
43.74
6_Yr                    
52.05

Wheat

Wheat

 

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
53.57
6_Yr                    
30.20
7_Yr                    
80.91
7_Yr                    
71.89
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
56.31
6_Yr                    
14.10
7_Yr                    
79.69
7_Yr                    
70.92

Corn

Corn

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation10_Yr                    
66.36
4_Yr                    
60.34
4_Yr                    
70.25
10_Yr                    
84.24
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation10_Yr                    
75.86
4_Yr                    
36.13
4_Yr                    
72.29
10_Yr                    
84.68

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.