CQG Inc.

07/31/2024 | News release | Distributed by Public on 07/31/2024 07:18

Weekly Grain Seasonal Review

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

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 8_Yr
45.25 		10_Yr
85.77 		10_Yr
78.38 		4_Yr
64.07
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 10_Yr
75.42 		6_Yr
93.23 		10_Yr
75.04 		4_Yr
67.82

Wheat

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 7_Yr
84.42 		10_Yr
93.79 		2_Yr
77.50 		8_Yr
60.59
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 9_Yr
71.49 		2_Yr
91.03 		2_Yr
70.49 		8_Yr
54.81

Corn

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 4_Yr
36.72 		2_Yr
95.63 		6_Yr
88.25 		1_Yr
72.43
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 10_Yr
78.38 		2_Yr
96.18 		6_Yr
89.26 		1_Yr
71.78