Commodity Futures Forecasts: August 15, 2016 – August 19, 2016
Evgeny Ilyukhin | Aug 14, 2016 05:21PM ET
This article aims to provide price forecasts for commodity futures for August 19, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 15, 2016 to August 12, 2016 (commodity exchanges data) and forecasted period - August 19, 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity units 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 Soybean Meal (3.68%) only. Coffee (-4.09%), Oats (-4.03%) and Lean Hogs (-3.58%) will likely drop in price by the end of the week. On the group level, no commodities are expected to grow over the period.
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