Commodity Futures Forecasts: May 27, 2016 – June 3, 2016
Evgeny Ilyukhin | May 29, 2016 02:58PM ET
The article aims to provide price forecasts for commodity futures for June 3, 2016. The table below shows the weekly commodity futures prices in US dollars over the period from April 29, 2016 to May 27, 2016 (commodity exchanges data) and forecasted period - June 3, 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 palladium (3.58%), orange juice (3.38%) and heating oil (2.03%).
Soybean meal (-4.32%), platinum (-2.43%) and silver (-2.33%) will likely close in “red” on June 3, 2016.
On the group level, grains commodities (-1.13%) are expected to drop noticeably by the end of the next week.
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