The article aims to provide price forecasts for commodity futures for September 23, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from August 19, 2016 to September 16, 2016 (commodity exchanges data) and forecasted period – September 23, 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 WTI Crude Oil (4.05%) and Sugar (3.57%). Natural Gas (-4.77%) and Lean Hogs (-3.39%) will likely drop in price by the end of the week. On the group level, Energy commodities, Grains and Softs are expected to grow over the period.
