The article aims to provide price forecasts for commodity futures for November 18, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from October 14, 2016 to November 11, 2016 (commodity exchanges data) and forecasted period – November 18, 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 copper (5.07%), Crude oil Brent (4.60%) and gasoline (3.96%). lean hogs (-6.61%), Crude oil WTI (-3.13%) and zinc (-2.99%) will likely drop in price by the end of the week. On the group level, the group of meats commodities is expected to lower over the period.
