This article aims to provide price forecasts for commodity futures for June 24, 2016.
The tables below show the weekly commodity futures prices in US dollars over the period from May 20, 2016 to June 17, 2016 (commodity exchanges data) and forecasted period - June 24, 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 Coffee (3.22%), Sugar (2.79%) and Corn (2.57%).
Natural Gas (-6.17%), Brent Crude Oil (-2.15%) and Orange Juice (-2.12%) will likely drop in price by the end of the week.
On the group level, Grains (1.67%) and Softs (1.00%) commodities are expected to grow over the period.
