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The article aims to provide price forecasts for commodity futures for December 16, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from November 11, 2016 to December 09, 2016 (commodity exchanges data) and forecasted period – December 16, 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 (3.86%). Natural gas (-5.95%) and oats (-4.92%) will likely drop in price by the end of the week. On the group level, the groups of meats and softs commodities are expected to rise over the period.
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