Commodity Futures Forecasts: August 8, 2016 – August 12, 2016
Evgeny Ilyukhin | Aug 07, 2016 01:32PM ET
This article aims to provide price forecasts for commodity futures for August 12, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 08, 2016 to August 05, 2016 (commodity exchanges data) and forecasted period - August 12, 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 Cotton (5.73%) and Rough Rice (3.66%). Lean Hogs (-3.74%) and Soybean Meal (-3.38%) will likely drop in price by the end of the week. On the group level, the groups of Softs, Metals and Energy are expected to grow over the period.
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