The article aims to provide price forecasts for commodity futures for October 7, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from September 2, 2016 to September 30, 2016 (commodity exchanges data) and forecasted period – October 7, 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 (5.69%), Crude Oil WTI (5.04%), and Lumber (3.86%). On the group level, the group of Grains is expected to lower over the period.