Monthly Correlation Charts: Soybean Meal (SM)

It’s all about the charts … and we have a lot of them. Our correlation charts provide a historic rolling perspective on the relationship between Soybean Meal and 40 other markets. The sample chart shown below (Tab 1), illustrates the 24 month rolling correlation, represented as the dark blue line, clearly shows a continually changing relationship between the markets. Sometimes the relationship is strong while at other times it’s weak. The point is … markets move … as such so do their correlations. Thus we need to continually adjust our interpretation as to what is considered to be a high or low correlation level. To assist in this dynamic interpretation, each chart has outer bands of light blue lines (top & bottom) to reflect true high/low correlation levels. Current levels are also posted at the bottom of the chart.

For current correlation charts for Soybean Meal … scroll down to the individual sectors covering a total of forty global futures markets. 

CorLevelsSP

Here are a few basics on how to interpret our correlation charts.

• Each correlation study is based on the market’s % monthly return figure and not price.

• The dark blue line plots the 24 month rolling correlation from mid 2003 to the current month.

• The lighter blue lines plot dynamic high/low correlation levels that adjust to current market conditions.

• A correlation of +1 signifies a direct relationship while a correlation of -1 signifies an inverse relationship.

Current Monthly Correlation Breakdown

With a long list of markets to scroll through this section offers a quick visual of markets that are currently in a high or low correlation stage with the featured market. Note markets that recently moved into a high or low correlation stage are highlighted at the end of the bar with an “x”.

Currency Sector

24 Month Rolling Correlation: Soybean Meal vs. Currency markets.

24 Month Rolling Correlation: Soybean Meal vs. Australian Dollar
24 Month Rolling Correlation: Soybean Meal vs. British Pound
24 Month Rolling Correlation: Soybean Meal vs. Canadian Dollar
24 Month Rolling Correlation: Soybean Meal vs. Euro
24 Month Rolling Correlation: Soybean Meal vs. U.S. Dollar Index
24 Month Rolling Correlation: Soybean Meal vs. Japanese Yen

Energy Sector

24 Month Rolling Correlation: Soybean Meal vs. Energy markets.

24 Month Rolling Correlation: Soybean Meal vs. Crude Oil
24 Month Rolling Correlation: Soybean Meal vs. RBOB Gasoline
24 Month Rolling Correlation: Soybean Meal vs. London Gas Oil
24 Month Rolling Correlation: Soybean Meal vs. Natural Gas

Equity Sector

24 Month Rolling Correlation: Soybean Meal vs. Equity markets.

24 Month Rolling Correlation: Soybean Meal vs. S&P 500 Index
24 Month Rolling Correlation: Soybean Meal vs. German DAX Index
24 Month Rolling Correlation: Soybean Meal vs. Paris CAC-40 Index
24 Month Rolling Correlation: Soybean Meal vs. Hang Seng Index

Grain Sector

24 Month Rolling Correlation: Soybean Meal vs. Grain markets.

24 Month Rolling Correlation: Soybean Meal vs. Soybean Meal
24 Month Rolling Correlation: Soybean Meal vs. Soybeans
24 Month Rolling Correlation: Soybean Meal vs. Soybean Oil
24 Month Rolling Correlation: Soybean Meal vs. Kansas City Wheat
24 Month Rolling Correlation: Soybean Meal vs. Wheat

Interest Rate Sector

24 Month Rolling Correlation: Soybean Meal vs. Interest Rate markets.

24 Month Rolling Correlation: Soybean Meal vs. Five Year Notes
24 Month Rolling Correlation: Soybean Meal vs. Ten Year Notes
24 Month Rolling Correlation: Soybean Meal vs. 10 Yr. Canadian Government Bond
24 Month Rolling Correlation: Soybean Meal vs. Euro Bund
24 Month Rolling Correlation: Soybean Meal vs. 10 Yr. Japanese Government Bond

Meat Sector

24 Month Rolling Correlation: Soybean Meal vs. Meat markets.

24 Month Rolling Correlation: Soybean Meal vs. Lean Hogs
24 Month Rolling Correlation: Soybean Meal vs. Live Cattle

Metal Sector

24 Month Rolling Correlation: Soybean Meal vs. Metal markets.

24 Month Rolling Correlation: Soybean Meal vs. Gold
24 Month Rolling Correlation: Soybean Meal vs. Copper
24 Month Rolling Correlation: Soybean Meal vs. LME Copper
24 Month Rolling Correlation: Soybean Meal vs. LME Aluminum
24 Month Rolling Correlation: Soybean Meal vs. LME Lead
24 Month Rolling Correlation: Soybean Meal vs. LME Zinc

Soft Sector

24 Month Rolling Correlation: Soybean Meal vs. Soft markets.

24 Month Rolling Correlation: Soybean Meal vs. Coffee
24 Month Rolling Correlation: Soybean Meal vs. Cotton
24 Month Rolling Correlation: Soybean Meal vs. Lumber
24 Month Rolling Correlation: Soybean Meal vs. Sugar