- December NY Harbor ULSD(NYM)
- The HOZ2(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 340.32(Prev Close), the market ended August at 354.66(Month Close),
that being 58%(Pct Range) off of
306.71(Month Low) to 389.39(Month High).
In comparing the July/August closes for each of the last 43 years(Total Years), Scenario found that the December NY Harbor ULSD(NYM) also closed
higher in August than July in 23(Cond Years) of those years.
Of those 23, HOZ went on to exceed the August high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.
Therefore, the historical odds are high that the HOZ should exceed 389.39(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 21 years) a potential move
toward 420.73(Average Objective).
- January NY Harbor ULSD(NYM)
- The HOF3(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 335.79(Prev Close), the market ended August at 348.35(Month Close),
that being 57%(Pct Range) off of
304.97(Month Low) to 380.63(Month High).
In comparing the July/August closes for each of the last 43 years(Total Years), Scenario found that the January NY Harbor ULSD(NYM) also closed
higher in August than July in 23(Cond Years) of those years.
Of those 23, HOF went on to exceed the August high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.
Therefore, the historical odds are high that the HOF should exceed 380.63(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 21 years) a potential move
toward 409.80(Average Objective).
- December Soybean Meal(CBOT)
- The SMZ2(Mkt) ended Lower(Cond) for
August(Month). Compared to July's 418.50(Prev Close), the market ended August at 415.10(Month Close),
that being 48%(Pct Range) off of
395.50(Month Low) to 436.60(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Meal(CBOT) also closed
lower in August than July in 19(Cond Years) of those years.
Of those 19, SMZ went on to penetrate the August low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the SMZ should penetrate 395.50(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 370.72(Average Objective).
- March Soybean Meal(CBOT)
- The SMH3(Mkt) ended Lower(Cond) for
August(Month). Compared to July's 410.30(Prev Close), the market ended August at 401.60(Month Close),
that being 46%(Pct Range) off of
385.30(Month Low) to 421.00(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed
lower in August than July in 20(Cond Years) of those years.
Of those 20, SMH went on to penetrate the August low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.
Therefore, the historical odds are high that the SMH should penetrate 385.30(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 361.34(Average Objective).
- December Live Cattle(CME)
- The LCZ2(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 148.150(Prev Close), the market ended August at 148.485(Month Close),
that being 15%(Pct Range) off of
147.900(Month Low) to 151.780(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the December Live Cattle(CME) also closed
higher in August than July in 19(Cond Years) of those years.
Of those 19, LCZ went on to exceed the August high within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the LCZ should exceed 151.780(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 158.112(Average Objective).
- February Live Cattle(CME)
- The LCG3(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 152.235(Prev Close), the market ended August at 153.330(Month Close),
that being 33%(Pct Range) off of
152.000(Month Low) to 155.985(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the February Live Cattle(CME) also closed
higher in August than July in 18(Cond Years) of those years.
Of those 18, LCG went on to exceed the August high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the LCG should exceed 155.985(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 161.340(Average Objective).
- December Cotton(ICE)
- The CTZ2(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 96.74(Prev Close), the market ended August at 113.21(Month Close),
that being 77%(Pct Range) off of
91.60(Month Low) to 119.59(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the December Cotton(ICE) also closed
higher in August than July in 18(Cond Years) of those years.
Of those 18, CTZ went on to exceed the August high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the CTZ should exceed 119.59(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 132.91(Average Objective).
- March Sugar #11(ICE)
- The SBH3(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 17.69(Prev Close), the market ended August at 17.77(Month Close),
that being 33%(Pct Range) off of
17.34(Month Low) to 18.65(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the March Sugar #11(ICE) also closed
higher in August than July in 20(Cond Years) of those years.
Of those 20, SBH went on to exceed the August high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.
Therefore, the historical odds are high that the SBH should exceed 18.65(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 18 years) a potential move
toward 20.97(Average Objective).
- May Sugar #11(ICE)
- The SBK3(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 17.06(Prev Close), the market ended August at 17.25(Month Close),
that being 41%(Pct Range) off of
16.73(Month Low) to 17.99(Month High).
In comparing the July/August closes for each of the last 45 years(Total Years), Scenario found that the May Sugar #11(ICE) also closed
higher in August than July in 19(Cond Years) of those years.
Of those 19, SBK went on to exceed the August high within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.
Therefore, the historical odds are high that the SBK should exceed 17.99(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 18 years) a potential move
toward 20.04(Average Objective).
- March Rough Rice(CBOT)
- The RRH3(Mkt) ended Higher(Cond) for
August(Month). Compared to July's 17.40(Prev Close), the market ended August at 18.29(Month Close),
that being 97%(Pct Range) off of
17.17(Month Low) to 18.33(Month High).
In comparing the July/August closes for each of the last 35 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed
higher in August than July in 13(Cond Years) of those years.
Of those 13, RRH went on to exceed the August high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.
Therefore, the historical odds are high that the RRH should exceed 18.33(Scenario Objective) by no later than the end of October.
If it does so, Scenario would further project (based on
normalizing those previous 11 years) a potential move
toward 19.81(Average Objective).
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