Weekly Grain Seasonal Review 1.17.24

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 Correlation9_Yr                    
54.14
6_Yr                    
69.37
9_Yr                    
25.53
6_Yr                    
51.01
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation10_Yr                    
82.93
6_Yr                    
54.10
10_Yr                    
33.82
6_Yr                    
44.00

Wheat

Wheat

 

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation9_Yr                    
75.08
9_Yr                    
63.10
5_Yr                    
49.86
6_Yr                    
72.82
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation1_Yr                    
59.93
9_Yr                    
62.97
5_Yr                    
61.69
7_Yr                    
71.11

Corn

Corn

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation9_Yr                    
91.04
8_Yr                    
65.13
8_Yr                    
75.99
10_Yr                    
83.77
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation8_Yr                    
81.01
8_Yr                    
73.40
8_Yr                    
76.76
10_Yr                    
84.09

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.