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Weekly Commodity Futures Forecasts: October 17, – October 21, 2016

ByEvgeny Ilyukhin
Published 10/18/2016, 11:30 AM
Updated 07/09/2023, 06:32 AM


The article aims to provide price forecasts for commodity futures for October 21, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from September 16, 2016 to October 14, 2016 (commodity exchanges data) and forecasted period – October 21, 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 Lean Hogs (3.69%), Live Cattle (2.62%), Crude Palm Oil (2.35%). Crude Oil WTI (-5.29%), Crude Oil Brent (-4.75%) and Natural Gas (-3.16%) will likely drop in price by the end of the week. On the group level, the group of Meats is expected to rise over the period.
Weekly Commodity Futures Forecasts

Latest comments

I Love your Contrarian approach, it is very similar to mine. What is your website and do you offer Daily Forecasting Subscriptions?
Hello:. thank you for your comment! I cant reply with my website name as it leads to suspending my profile here. You can find the link at my Google profile URL. There I publish accuracy of the forecasts. . I dont have daily forecasts. Please , look at the commodities with clear statistical patterns and price "behavior" ( grains,, meats or softs). Their futures prices are more predictable and one can earn trading them. But remember these are the market prices and they tend to be random....
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