CQG Inc.

09/11/2024 | News release | Distributed by Public on 09/11/2024 07:05

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

[Link]

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 4_Yr
82.71
7_Yr
81.47
10_Yr
91.00
6_Yr
76.63
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 7_Yr
67.47
9_Yr
78.12
10_Yr
90.33
6_Yr
73.35

Wheat

[Link]

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 1_Yr
45.61
9_Yr
93.16
2_Yr
84.06
8_Yr
65.99
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 7_Yr
60.92
9_Yr
76.70
2_Yr
89.17
8_Yr
71.08

Corn

[Link]

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 4_Yr
36.09
7_Yr
77.43
10_Yr
93.69
1_Yr
79.38
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 7_Yr
55.22
5_Yr
81.94
10_Yr
92.96
1_Yr
78.90