This article aims to provide price forecasts for commodity futures for November 01, 2016. The tables below show the monthly commodity futures prices in US dollars over the period from June 2016 to October 2016 (commodity exchanges data) and forecasted period - November 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics and names of exchanges are provided. Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on monthly historical data.
The notable positive changes are expected for soybean meal (7.99%), sugar (6.20%) and orange juice (5.91%). Lean hogs (-11.13%), live cattle (-8.31%) and coffee (-7.04%) will likely drop in price by November 1, 2016. On the group level, grains and softs are expected to rise over the period.