CQG Inc.

07/17/2024 | News release | Distributed by Public on 07/17/2024 08:04

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 10_Yr
75.77 		6_Yr
92.79 		10_Yr
69.44 		4_Yr
70.27
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 6_Yr
33.01 		6_Yr
72.15 		3_Yr
45.66 		4_Yr
73.84

Wheat

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 10_Yr
61.74 		2_Yr
89.65 		2_Yr
67.39 		8_Yr
49.09
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 2_Yr
79.26 		2_Yr
85.07 		6_Yr
55.30 		8_Yr
45.00

Corn

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 8_Yr
92.44 		2_Yr
95.86 		6_Yr
87.33 		1_Yr
76.46
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 8_Yr
92.71 		6_Yr
84.00 		6_Yr
77.23 		1_Yr
70.42