This article aims to provide price forecasts for commodity futures for June 17, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from May 13, 2016 to June 10, 2016 (commodity exchanges data) and forecasted period - June 17, 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics 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 Natural Gas (4.51%) and Soybeans (2.68%). Sugar (-8.09%) and Zinc (-4.52%) will likely drop in price by the end of the week. On the group level, Meats (0.81%) commodities are expected to grow by the end of the next week.
