This article aims to provide price forecasts for commodity futures for July 01, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from May 27, 2016 to June 24, 2016 (commodity exchanges data) and forecasted period - July 01, 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 Sugar (3.31%), Live Cattle (3.02%) and Rough Rice (2.04%).
Coffee (-4.45%) and Orange Juice (-2.24%) will likely drop in price by the end of the week.
On the group level, Grains (0.68%) and Meats (2.30%) commodities are expected to grow over the period.
