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MRCI's Scenario Study

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MRCI's ScenarioSM Study
ScenarioSM Study for March Wheat(CBOT) as of Jul 09, 2025
Condition 1: Higher Monthly Close.
Action ---> Buy that month's close with objective of exceeding month's high within 2 months.
Tested Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Tested Years   45 45 45 45 45 45 45 45 45 45 45
Closed Higher   24 17 16 24 20 26 26 20 21 23 13
Exceeded High   18 10 12 19 12 20 13 16 14 16 8
Scenario Percentage   75% 59% 75% 79% 60% 77% 50% 80% 67% 70% 62%
Avg Max Increase   10.29% 11.48% 12.73% 12.29% 12.86% 7.72% 10.68% 8.94% 8.06% 8.18% 11.10%
Max Increase   26.61% 21.82% 29.83% 49.15% 27.56% 22.27% 24.05% 20.97% 14.45% 43.57% 53.58%
Avg Days To Max Increase   14 20 14 18 15 16 15 15 14 10 8
Avg Max Decline   -2.15% -2.58% -3.16% -2.68% -2.26% -1.59% -3.44% -3.66% -3.89% -1.78% -1.56%
Max Decline   -8.47% -7.45% -9.30% -9.54% -7.62% -4.80% -13.34% -16.08% -9.61% -5.70% -4.24%
Avg Days to Max Decline   4 8 7 6 9 5 13 9 10 3 2
2025 Contract Condition   Yes Yes       Yes     Yes Yes  
Action   Yes No       Yes     Yes Yes  
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Condition 2: Lower Monthly Close.
Action ---> Sell that month's close with objective of penetrating month's low within 2 months.
Tested Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Tested Years   45 45 45 45 45 45 45 45 45 45 45
Closed Lower   21 27 29 21 25 19 19 25 24 22 32
Penetrated Low   18 22 23 20 18 14 16 24 17 17 18
Scenario Percentage   86% 81% 79% 95% 72% 74% 84% 96% 71% 77% 56%
Avg Max Decline   6.05% 9.82% 8.87% 9.27% 7.66% 9.00% 9.43% 8.12% 8.34% 7.99% 4.99%
Max Decline   12.04% 25.63% 18.24% 19.91% 37.23% 26.52% 19.70% 19.28% 14.68% 14.16% 11.18%
Avg Days To Max Decline   21 19 18 21 14 18 18 15 19 10 9
Avg Max Increase   -3.45% -2.75% -2.35% -4.08% -2.33% -3.79% -3.00% -2.36% -3.41% -2.67% -2.22%
Max Increase   -22.83% -11.40% -7.10% -17.94% -10.56% -13.15% -9.21% -6.57% -8.39% -8.80% -8.64%
Avg Days to Max Increase   8 9 8 12 7 11 7 12 15 8 3
2025 Contract Condition       Yes Yes Yes   Yes Yes     Yes
Action       Yes Yes No   Yes Yes     Yes
High 636.25 693.50 772.75 758.75 633.50 592.75 616.75 639.00 597.00 569.25 569.75 609.00
Low 581.00 611.75 663.75 596.25 560.25 542.00 564.50 578.75 543.00 529.25 526.00 537.00
Close/Last 628.25 670.00 740.25 615.50 573.25 572.25 604.25 590.25 548.00 551.50 559.50 537.00

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