The article aims to provide price forecasts for commodity futures for April 29, 2016. The table below shows the weekly commodity futures contracts in US dollars over the period from March 24, 2016 to April 22, 2016 (commodity exchanges data) and forecasted period - April 29, 2016 (author’s calculations). The commodities are classified and placed in alphabetical order. The commodity metrics and names of exchanges are provided.
Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on weekly historical data. It is advised to use forecasted values for identifying the short-term price trends over the period firstly. The significant changes are not expected. However, one can find notable changes for Lean Hogs (2.79%), Coffee (-2.69%) and Gasoline (-2.60%). The groups of metals (except Aluminum) will likely show negative or neutral dynamic in prices, while the group of energy commodities (except Gasoline and Natural Gas) can finish the next week in “green”. 