Commodity Futures Forecasts: August 29, 2016 – September 2, 2016
Evgeny Ilyukhin | Aug 28, 2016 08:25PM ET
This article aims to provide price forecasts for commodity futures for September 2, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 29, 2016 to August 26, 2016 (commodity exchanges data) and forecasted period – September 2, 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 Lean Hogs (6.46%) and Crude Palm Oil (3.06%). Soybean Oil (-3.83%) and Soybean Meal (-3.14%) will likely drop in price by the end of the week. On the group level, Meats are expected to grow over the period.
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