The bar chart above titled “Number of Annual Price Highs” illustrates the obvious: seasonal patterns for corn price highs are somewhat more difficult to recognize or predict.
Conclusion
Clearly, no one factor seems to be as predictable or as reliable for corn pricing as the autumn harvest seasonal price low. For traders seeking short or medium term opportunities, and for asset allocators looking to layer corn into a portfolio of commodity holdings, knowledge of seasonal price low patterns could prove quite beneficial. For those seeking sell signals or seasonal price high patterns, things are less clear, at least from a seasonal patterning perspective. One thing is certain: there are historical patterns in the corn markets that can potentially be advantageous to Investors and Investment Advisors, at least from the perspective of the calendar.
1 As reported per the USDA on the August 12, 2015 World Agriculture Supply and Demand Report.http://www.usda.gov/oce/commodity/wasde/latest.pdf
2 Analysis & corresponding charts were prepared by Teucrium Trading, LLC, using Bloomberg Professional, August 12, 2015. All supporting detail available upon request.
3 Analysis & corresponding charts were prepared by Teucrium Trading, LLC, using Bloomberg Professional, August 12, 2015. All supporting detail available upon request.
The views in this newsletter were those of Teucrium Trading, LLC as of October 1st, 2015, and may not reflect the views of Teucrium on the date the material is first published or any time thereafter. These views are intended to assist readers in understanding commodities and do not constitute investment advice. This should not be considered as an offer to sell or a solicitation of an offer to buy any securities mentioned herein.
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CANE: http://www.teucriumcanefund.com/pdfs/cane-prospectus.pdf
CORN: http://www.teucriumcornfund.com/pdfs/corn-prospectus.pdf
SOYB: http://www.teucriumsoybfund.com/pdfs/soyb-prospectus.pdf
TAGS: http://www.teucriumtagsfund.com/pdfs/tags-prospectus.pdf
WEAT: http://www.teucriumweatfund.com/pdfs/weat-prospectus.pdf
Additional disclosure: I am long other agricultural ETP products and agriculturally related securities, but I have specifically disclosed only those holdings that include direct exposure to corn futures interests.