Commodity - Forecast - 2018-2020

This page provides forecasts for Commodity including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Energy Price Day Q3/18 Q4/18 Q1/19 Q2/19
Crude Oil 65.3774 0.04 -0.06% 69.8664 66.1938 62.7131 59.4093
Brent 71.4957 0.06 -0.08% 73.8612 70.0119 66.3652 62.9056
Natural gas 2.9162 0.01 0.34% 2.6281 2.3970 2.1864 1.9942
Gasoline 1.9831 0.00 -0.19% 1.9367 1.7695 1.6164 1.4769
Heating oil 2.0986 0.00 0.00% 2.0522 1.9427 1.8389 1.7407
Ethanol 1.3670 0.00 0.00% 1.3284 1.2576 1.1907 1.1275
Naphtha 629.57 1.05 0.17% 623.00 595.29 568.82 543.46
Propane 0.95 0.01 0.63% 0.88 0.82 0.75 0.70
Uranium 26.2500 0.00 0.00% 21.3045 19.7760 18.3600 17.0427

Metals Price Day Q3/18 Q4/18 Q1/19 Q2/19
Gold 1,178.39 3.14 0.27% 1,226.85 1,197.44 1,168.65 1,140.62
Silver 14.6297 0.04 0.27% 15.3526 14.7050 14.0847 13.4900
Platinum 777.50 0.25 0.03% 808.86 778.70 749.63 721.65
Palladium 889.25 0.25 -0.03% 893.18 844.43 798.32 754.67
Manganese 41.00 0.00 0.00% 36.07 34.23 32.49 30.83
Neodymium 407,500.00 0.00 0.00% 390,598.00 367,648.50 346,027.00 325,650.50
Rhodium 2,350.00 0.00 0.00% 2,160.11 2,064.74 1,973.43 1,886.20

Agricultural Price Day Q3/18 Q4/18 Q1/19 Q2/19
Soybeans 880.4714 5.75 -0.65% 815.0000 782.0000 750.0000 720.0000
Wheat 537.7802 4.25 -0.78% 520.0000 480.0000 450.0000 400.0000
Cotton 82.04 0.09 -0.11% 80.00 78.00 75.00 76.73
Rice 10.4600 0.14 1.31% 11.0000 12.0000 12.5000 12.3100
Cheese 1.5620 0.00 -0.26% 1.5500 1.4900 1.4300 1.3800
Palm Oil 2,211.00 20.00 0.91% 2,400.00 2,500.00 2,300.00 2,440.00
Milk 14.99 0.01 -0.07% 14.60 13.90 13.30 12.70
Coffee 101.70 0.70 -0.68% 120.00 120.00 130.00 116.30
Lumber 457.50 15.00 3.39% 490.00 500.00 520.00 500.00
Wool 2,089.00 0.00 0.00% 2,100.00 1,900.00 1,950.00 1,800.00
Sugar 10.30 0.07 0.68% 11.00 12.00 13.00 12.40
Tea 3.24 0.00 0.00% 3.20 3.30 3.20 3.15
Orange Juice 155.20 0.85 0.55% 155.00 140.00 135.00 130.00
Rubber 159.50 0.60 0.38% 160.00 180.00 200.00 220.00
Canola 510.30 0.10 -0.02% 560.00 540.00 480.00 475.00
Cocoa 2,104.00 21.00 1.01% 2,650.00 3,000.00 2,600.00 2,536.13
Oat 252.7218 1.00 -0.39% 280.0000 250.0000 240.0000 240.0000
Corn 364.1226 1.50 -0.41% 330.0000 350.0000 320.0000 320.0000

Livestock Price Day Q3/18 Q4/18 Q1/19 Q2/19
Live Cattle 108.3250 0.00 0.00% 100.0630 94.0592 88.4174 83.1055
Lean Hogs 55.4750 3.00 5.72% 74.0380 65.4730 57.8958 51.1978
Poultry 3.89 0.01 -0.26% 3.31 2.95 2.62 2.33
Beef 9.65 0.03 -0.31% 9.18 8.96 8.75 8.54
Feeder Cattle 150.2750 1.23 0.82% 145.5878 138.7118 132.1720 125.9378

Industrial Price Day Q3/18 Q4/18 Q1/19 Q2/19
Copper 2.6161 0.00 -0.08% 2.7236 2.5719 2.4286 2.2933
Bitumen 3,172.00 82.00 -2.52% 2,857.23 2,567.21 2,306.77 2,072.41
Steel 4,390.00 23.00 -0.52% 3,559.30 3,143.40 2,776.27 2,452.26
Cobalt 64,250 0.00 0.00% 70,878 67,208 63,724 60,428
Lead 2,014.00 113.00 5.94% 2,245.71 2,114.03 1,990.22 1,873.57
Aluminum 2,048.00 23.00 1.14% 1,984.94 1,879.50 1,779.72 1,685.18
Zinc 2,392.00 92.00 4.00% 2,700.90 2,564.66 2,435.53 2,312.66
Nickel 13,230.00 476.50 3.74% 13,256.89 12,243.54 11,309.12 10,445.04
Molybdenum 25,000.00 0.00 0.00% 24,325.00 23,667.50 23,030.00 22,407.50
Iron Ore 67.50 0.50 -0.74% 62.26 57.85 53.75 49.95
Tin 18,405.00 615.00 -3.23% 19,068.04 18,426.78 17,807.23 17,209.38
Coal 107.65 0.15 0.14% 107.38 102.35 97.57 92.99
Soda Ash 1,828.57 14.29 -0.78% 1,943.82 1,858.64 1,777.33 1,699.47
Lithium 121.12 0.70 0.58% 118.96 113.76 108.79 104.04

Index Price Day Q3/18 Q4/18 Q1/19 Q2/19
Baltic Dry 1,720.00 7.00 -0.41% 1,338.58 1,214.01 1,100.95 998.51
CRB Index 193.54 1.48 0.77% 197.14 192.02 187.02 182.16
LME Index 2,819.60 0.00 0.00% 3,040.42 2,929.34 2,822.37 2,719.50
S&P GSCI 2,610.65 0.00 0.00% 2,681.33 2,589.42 2,500.57 2,414.78

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.