Commodity Futures Forecasts: June 1, 2016 - July 1, 2016
Evgeny Ilyukhin | Jun 03, 2016 03:14PM ET
This article aims to provide price forecasts for commodity futures for July 01, 2016.
The tables below show the monthly commodity futures prices in US dollars over the period from February 2016 to June 2016 (commodity exchanges data) and forecasted period - July 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.
One can find the negative dynamics of forecasted values for commodity futures over the period. The metals is the only commodity group that would finish the month in “green” (1.10%).
The notable positive changes are expected for Orange Juice (6.93%) and Zinc (5.16%).
Gasoline (-12.43%), Soybean Meal (-11.29%) WTI Crude Oil (-10.25%), Heating Oil (-9.12%), Natural Gas (-8.71%) and Brent Crude Oil (-8.84%) will likely drop in price by July 1, 2016.
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