The article aims to provide price forecasts for commodity futures for November 25, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from October 21, 2016 to November 18, 2016 (commodity exchanges data) and forecasted period – November 25, 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 gasoline (5.25%) and soybean oil (3.57%). oats (-3.41%), silver (-3.32%) and heating oil (-3.04%) will likely drop in price by the end of the week. On the group level, the groups of energy and meats commodities are expected to rise over the period.
