The article aims to provide price forecasts for commodity futures for September 30, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from August 26, 2016 to September 23, 2016 (commodity exchanges data) and forecasted period – September 30, 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 sugar (3.66%). crude oil WTI (-3.45%), lean hogs (-2.72%) and live cattle (-2.51%) will likely drop in price by the end of the week. On the group level, the group of softs is expected to grow over the period.
