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Watch Wheat

Jay Kaeppel
2021-09-09

While corn and soybeans remain mired in periods of seasonal weakness, wheat is entering a period of seasonal strength.

The chart below displays the Annual Seasonal Trend for wheat.

TRADING DAY OF YEAR #172 THROUGH #186

Let's focus on the period highlighted in the red box in the chart above - which extends:

  • From the close of TDY #172 
  • Through the close of TDY #186

The chart below displays:

  • The gain or loss in dollar value for wheat futures 
  • During this period 
  • Since 1959

As you can see in the chart above, wheat:

  • Was a model of consistency during this period for many decades
  • Took two large hits during this period in the past decade
  • Has returned to consistency in recent years, showing gains during this period in each of the last 6 years

The chart below displays:

  • The cumulative gain or loss achieved by wheat futures 
  • ONLY during this seasonally favorable period

The table below displays the relevant facts and figures regarding wheat performance during this period.