Energy Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Crude Oil 74.4000 71.8346 69.7483 67.7287 65.7608
Brent 78.1700 75.9972 73.9590 71.9756 70.0467
Natural gas 5.8370 4.9715 4.7754 4.5865 4.4053
Gasoline 2.1784 2.1185 2.0608 2.0048 1.9503
Heating oil 2.2683 2.2113 2.1569 2.1039 2.0522
Ethanol 2.2070 2.1567 2.1075 2.0594 2.0126
Naphtha 678.10 664.41 651.81 639.42 627.23
Propane 1.29 1.24 1.21 1.17 1.14
Uranium 45.2500 43.5735 42.8603 42.1559 41.4648
Methanol 3,418.00 3,074.65 2,992.52 2,912.60 2,834.89

Metals Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Gold 1,737.02 1,728.70 1,707.52 1,686.52 1,665.69
Silver 22.466 21.839 21.283 20.743 20.216
Copper 4.2325 4.2004 4.1190 4.0389 3.9605
Steel 5,807.00 5,688.97 5,569.26 5,452.46 5,337.98
Iron Ore 117.00 105.64 102.38 99.23 96.18
Lithium 165,000.00 160,759.50 156,634.50 152,608.50 148,681.50
Platinum 969.75 954.51 930.62 907.42 884.70

Agricultural Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Soybeans 1,275.2500 1,257.2440 1,230.1305 1,203.5310 1,177.5740
Wheat 709.5000 705.3668 687.4178 669.9754 652.9673
Lumber 611.20 609.07 570.44 534.29 500.41
Cheese 1.6420 1.5696 1.4994 1.4324 1.3683
Palm Oil 4,447.00 4,296.22 4,156.33 4,020.88 3,889.43
Milk 17.64 15.78 15.07 14.39 13.74
Rice 13.8850 13.6901 13.4830 13.2801 13.0799
Rubber 192.50 178.04 169.78 161.91 154.38
Canola 886.70 863.32 842.17 821.55 801.37
Oat 584.2500 561.6741 548.4434 535.5002 522.8447
Sugar 19.02 18.69 18.24 17.79 17.36
Cocoa 2,555.00 2,521.30 2,453.42 2,387.61 2,323.35
Coffee 198.25 188.25 182.72 177.35 172.13
Orange Juice 132.80 134.62 131.14 127.74 124.44
Cotton 100.91 95.02 93.23 91.47 89.73
Wool 1,368.00 1,341.46 1,315.47 1,289.89 1,264.85
Tea 3.05 2.89 2.73 2.58 2.44
Corn 535.0000 510.6084 495.8874 481.6396 467.7598

Livestock Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Beef 19.81 19.80 19.63 19.46 19.29
Poultry 8.33 8.25 8.11 7.97 7.83
Feeder Cattle 154.4000 151.7799 148.9812 146.2443 143.5539
Live Cattle 122.0000 121.3270 119.7535 118.1924 116.6558
Lean Hogs 91.6750 84.4909 81.7941 79.1846 76.6624

Industrial Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Coal 210.00 177.04 173.16 169.36 165.65
Bitumen 3,060.00 2,901.28 2,792.77 2,688.19 2,587.82
Aluminum 2,921.50 2,874.16 2,822.95 2,772.62 2,723.46
Tin 35,442.50 36,094.67 35,406.55 34,729.48 34,067.13
Zinc 3,068.25 3,058.97 3,006.36 2,954.70 2,903.96
Palladium 1,893.02 1,914.50 1,862.95 1,812.98 1,764.19
Cobalt 53,380.00 52,579.30 51,789.28 51,015.27 50,246.59
Lead 2,182.80 2,129.77 2,090.94 2,052.98 2,015.67
Nickel 18,959.50 18,978.82 18,561.60 18,152.14 17,754.32
Molybdenum 46.25 44.40 42.61 40.91 39.27
Soda Ash 2,975.00 2,784.16 2,731.95 2,680.59 2,630.08
Neodymium 777,500.00 767,006.50 751,826.00 736,958.50 722,325.75
Tellurium 507.50 514.96 512.43 509.94 507.41
Iron Ore 62% fe 119.89 117.03 114.03 111.10 108.27
Gallium 1,925.00 1,900.55 1,876.49 1,852.62 1,829.14
Germanium 8,750.00 8,670.42 8,640.84 8,611.26 8,582.55
Manganese 35.00 34.22 33.95 33.68 33.41
Indium 1,700.00 1,663.79 1,628.43 1,593.75 1,559.75
Rhodium 14,500.00 13,688.80 13,196.06 12,720.36 12,263.12

Index Price Signal Q3/21 Q4/21 Q1/22 Q2/22
Baltic Dry 4,962.00 4,459.63 4,282.70 4,112.73 3,949.26
CRB Index 242.97 236.41 233.40 230.40 227.46
LME Index 4,312.40 4,257.82 4,193.41 4,130.29 4,068.04
S&P GSCI 2,738.28 2,652.59 2,611.36 2,570.95 2,531.07
EU Carbon Permits 61.92 61.01 59.14 57.34 55.58
Solar Energy Index 401.36 397.08 385.09 373.46 362.20
Wind Energy Index 354.95 352.70 346.93 341.23 335.64
Nuclear Energy Index 1,352.05 1,342.82 1,329.39 1,316.10 1,302.94

TRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on August 8 of 2021. Please consider that while TRADING ECONOMICS forecasts for Commodities are made using our best efforts, they are not investment recommendations.