Commodity Futures Forecasts: August 5 - August 9, 2016
Evgeny Ilyukhin | Sep 04, 2016 01:36PM ET
The article aims to provide price forecasts for commodity futures for September 9, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from August 5, 2016 to September 2, 2016 (commodity exchanges data) and forecasted period – September 9, 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 Soybean Oil (3.61%), Rough Rice (2.80%) and Cotton(2.56%). Lean Hogs (-4.09%), Crude Oil Brent (-2.70) and Crude Oil WTI (-2.62%) will likely drop in price by the end of the week. On the group level, Grains, Softs and Metals are expected to grow over the period.
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