BO · Metals / Cross-Asset Coherence Regime
Z3544 – BO PSD Brazil Soyoil
The BO PSD Brazil Soyoil signal captures a distinct soybean-oil market regime driven by its underlying mechanism; the engine produces a -bounded composite between minus one and plus one.
At a glance
IN-SEASON · ACTIVE
Current reading
-0.868
BO PSD Brazil Soyoil composite, tanh-bounded
Signal state
Moderate NEG
294 trading days in current state
Phase
STRESS
Positive equals brazil soyoil stocks tight; negative equals brazil soyoil stocks ample
Sample
36 years
Live since 1990-11
As of Nov 06, 2026. Updated nightly.
SIGNAL OVERVIEW
The BO PSD Brazil Soyoil signal captures a distinct soybean-oil market regime driven by its underlying mechanism; the engine produces a -bounded composite between minus one and plus one. The composite is bounded between minus one and plus one through. Across 36 years Phase +1 brazil soyoil stocks tight state has returned on average plus 1.33 percent forward 60-day soybean-oil return. Phase -1 brazil soyoil stocks ample state has returned on average plus 0.41 percent. Today the composite reads -0.868, in Moderate NEG territory.
LIVE CHART
BO PSD Brazil Soyoil: composite bounded minus one to plus one.
The dark line in the top panel is the composite bounded between minus one and plus one. The pale red band marks brazil soyoil stocks ample regime. The pale green band marks brazil soyoil stocks tight regime. The bronze line in the middle panel is the trailing 252-day rolling Spearman information coefficient. The lower panel is CBOT soybean-oil continuous back-adjusted price on the right axis in cents per pound.
COMPOSITE
-0.868 / tanh
STATE
(nightly)
PHASE
(nightly)
FWD 60d
(nightly, baseline +1.54 percent)
SAMPLE N
9,049 days
TODAY’S PLAYBOOK READING
STATE
Moderate Neg
STATE AND HISTORY
Moderate NEG. Sample N=9,049 days since 1990-11.
WHY THE SIGNAL IS HERE
The BO PSD Brazil Soyoil signal captures a distinct soybean-oil market regime driven by its underlying mechanism; the engine produces a tanh-bounded composite between minus one and plus one.
POSTURE FOR THE WEEKS AHEAD
The signal is a regime detector on a 60-day forward horizon. Pair with price momentum signals for conviction.
WHAT THE CHART SHOWS
Today the composite reads -0.868 placing the dot inside the Moderate NEG band.
TOP INPUTS FIRING
- Silver returns Primary silver price momentum.
- 10-year TIPS-implied inflation breakeven Market-implied inflation expectation.
- Rolling coherence trend 5-year first-difference of coherence at 170-day cycles.
THE REGIME MAP
The three regime phases, forward 60-day soybean-oil returns and sample share
Baseline soybean-oil forward 60 day return (unconditional): mean plus 1.54 percent, median plus 0.24 percent, across 8,989 trading days.
| State | Phase | Share | Fwd 60d | HAC t | Edge vs baseline | Last firings |
|---|---|---|---|---|---|---|
| Brazil soyoil stocks tight | +1 | 48.1% (4356 d) | +2.55% | +1.01pp | Sep 2023, Jan 2021, Dec 2018 | |
| Normal | 0 | 9.6% (867 d) | -0.28% | -1.82pp | Aug 2025, Jul 2023, Feb 2022 | |
| Brazil soyoil stocks ample TODAY | -1 | 42.3% (3826 d) | +0.79% | -0.75pp | Sep 2025, May 2022, Dec 2019 |
The historical pattern
How to use the signal today
THE TRACK RECORD
Every state change in the last 2 years
5 state transitions from 11/21/2024 to 11/06/2026. Full history (64 total transitions since 03/14/1996) is downloadable.
| State | Start | End | Duration | Fwd 60d SPY |
|---|---|---|---|---|
| Neutral | 11/21/2024 | 12/20/2024 | 21d | +2.81% |
| Defensive | 12/23/2024 | 03/25/2025 | 63d | -5.16% |
| Neutral | 03/26/2025 | 04/24/2025 | 21d | +5.55% |
| Expansion | 04/25/2025 | 05/23/2025 | 21d | +15.18% |
| Defensive LIVE | 05/27/2025 | current | 366d | +7.51% |
Scroll inside the table for the full history. Forward 60-day SPY is measured from each run’s start date; a reader cannot trade off a start-date they only identify in hindsight, so this is a transparency log, not an alpha claim. Asterisked (*) returns are partial. The run is less than 60 trading days old. The full 60-day comparable fills in as more data arrives.
What this measures
The BO PSD Brazil Soyoil signal captures a distinct soybean-oil market regime driven by its underlying mechanism; the engine produces a -bounded composite between minus one and plus one. The composite is z-scored against a and bounded through.
Why it matters
The BO PSD Brazil Soyoil signal captures a distinct soybean-oil market regime driven by its underlying mechanism; the engine produces a tanh-bounded composite between minus one and plus one.
The signal flags the current soybean-oil regime for the next 60 trading days on average. Pair with price-based signals for precise entry.
State-conditional spreads are empirical averages across 36 years. Individual regime windows can run longer or shorter than mean sample.
Signal consumers and siblings
Not investment advice · The analysis on this page is informational and educational. Signal readings, historical case figures, and empirical statistics are derived from publicly available data and are provided without warranty. Hypothetical performance results have inherent limitations, including the benefit of hindsight. Readers who intend to trade should consult a licensed investment professional and see the research brief for the full disclaimer.
Last refreshed Nov 07, 2026 05:50 PM ET