The article aims to provide price forecasts for commodity futures for August 26, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from July 22, 2016 to August 19, 2016 (commodity exchanges data) and forecasted period - August 26, 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 changes are expected for Brent Crude Oil (5.10%), WTI Crude Oil (3.65%) and Heating Oil (3.56%). Cotton (-4.11%) will likely drop in price by the end of the week. On the group level, Softs are expected to drop in price a bit over the period.
