CQG Inc.

10/09/2024 | News release | Distributed by Public on 10/09/2024 08:52

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 6_Yr
51.78
7_Yr
69.97
6_Yr
81.95
6_Yr
84.54
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 6_Yr
64.93
7_Yr
72.15
6_Yr
84.43
6_Yr
82.03

Wheat

[Link]

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 3_Yr
84.27
2_Yr
73.45
2_Yr
93.10
8_Yr
64.51
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 3_Yr
77.03
2_Yr
66.78
2_Yr
93.64
8_Yr
66.82

Corn

[Link]

This Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 5_Yr
82.52
4_Yr
68.81
8_Yr
89.16
10_Yr
84.70
Last Week's Data
Correlation Lookback (Days) 20 50 100 200
Seasonal Year Back with the Highest Correlation 5_Yr
81.55
4_Yr
45.32
8_Yr
88.11
10_Yr
83.20