Commodity Futures Forecasts: July 01, 2016 - August 01, 2016
Evgeny Ilyukhin | Jul 05, 2016 04:44PM ET
This article aims to provide price forecasts for commodity futures for August 01, 2016. The tables below show the monthly commodity futures prices in US dollars over the period from March 2016 to July 2016 (commodity exchanges data) and forecasted period - August 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics and names of exchanges are provided. Forecasted values: increase in green; decrease in red.
Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on monthly historical data.
The notable positive changes are expected for Sugar (7.33%), Soybean Meal (4.48%) and Orange Juice (4.45%).
WTI Crude Oil (-5.80%), Soybeans (-5.67%) and Brent Crude Oil (-4.09%) will likely drop in price by August 1, 2016.
The groups of Softs (0.48%) and Grains (0.34%) would finish in “green” by the end of the period.
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