Weekly Commodity Futures Forecasts: October 17, – October 21, 2016
Evgeny Ilyukhin | Oct 18, 2016 11:30AM ET
The article aims to provide price forecasts for commodity futures for October 21, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from September 16, 2016 to October 14, 2016 (commodity exchanges data) and forecasted period – October 21, 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 price changes are expected for Lean Hogs (3.69%), Live Cattle (2.62%), Crude Palm Oil (2.35%). Crude Oil WTI (-5.29%), Crude Oil Brent (-4.75%) and Natural Gas (-3.16%) will likely drop in price by the end of the week. On the group level, the group of Meats is expected to rise over the period.
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