Weekly Grain Seasonal Review 4.24.24

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 Correlation4_Yr                    
81.91
5_Yr                    
1.03
9_Yr                    
72.33
4_Yr                    
63.85
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
80.01
5_Yr
4.18
9_Yr                    
74.34
4_Yr
60.76

Wheat

Wheat

 

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation3_Yr                    
48.64
5_Yr                    
49.35
5_Yr                    
88.29
5_Yr                    
79.70
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
62.86
5_Yr                    
88.02
5_Yr                    
88.85
5_Yr                    
74.99

Corn

Corn

This Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation10_Yr                    
69.08
10_Yr                    
34.64
9_Yr                    
69.39
4_Yr                    
77.96
Last Week's Data    
Correlation Lookback (Days)2050100200
Seasonal Year Back with the Highest Correlation4_Yr                    
37.83
8_Yr                    
18.98
9_Yr                    
67.54
4_Yr                    
77.59

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.