Commodity Futures Forecasts: August 01, 2016 – August 05, 2016
Evgeny Ilyukhin | Aug 01, 2016 10:27AM ET
This article aims to provide price forecasts for commodity futures for August 05, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 01, 2016 to July 29, 2016 (commodity exchanges data) and forecasted period - August 05, 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics and exchange abbreviations are provided. Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on relevant weekly historical data. It is advised to use forecasted values for identifying the short-term price trends over the period firstly.
The notable positive changes are expected for Soybeans (3.31%). Brent Crude Oil (-5.99%), WTI Crude Oil (-5.48%) and Lean Hogs (-5.36%) will likely drop in price by the end of the week. On the group level, the group of Grains is expected to grow a bit over the period.
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