Commodity | Forecast | 2016-2020

Energy Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Crude oil 52.91 53.6 53.1 52.5 52 43.3
Brent crude oil 56.23 55.7 55.1 54.6 54 45
Natural gas 3.47 3.78 3.74 3.71 3.67 3.06
Gasoline 1.63 1.65 1.64 1.62 1.6 1.34
Heating oil 1.67 1.69 1.68 1.66 1.64 1.37
Ethanol 1.49 1.52 1.51 1.49 1.48 1.23

Metals Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Gold 1,213.90 1128 1217 1105 1263 912
Silver 17.00 15.8 16.1 15.5 17.5 12.8
Platinum 983.50 895 920 877 1032 723
Palladium 745.00 648 680 635 720 524

Agricultural Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Soybeans 1,064.50 977 956 965 950 805
Corn 361.25 345 342 338 360 279
Cotton 70.87 75 69 71 66 55
Wheat 426.00 398 394 390 410 322
Rice 9.96 9.5 9.4 9.7 10.2 7.41
Canola 507.20 510 530 550 520 408
Rubber 298.30 257 278 262 270 208
Lumber 333.30 311 308 305 285 252
Oat 248.00 235 228 237 230 182
Wool 1,422.00 1450 1328 1414 1490 1084
Orange Juice 183.15 195 212 195 205 150
Coffee 146.37 132 137 143 150 106
Sugar 20.58 20.1 20.8 19.7 19.4 15.1
Cocoa 2,211.53 2291 2169 2447 2650 1771

Livestock Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Live Cattle 117.93 115 113 111 109 92.7
Lean Hogs 69.63 64.4 63.8 63.1 62.5 52.1
Feeder Cattle 132.03 130 128 125 120 105
Beef 10.26 10.2 10.1 10 9.9 8.25

Industrial Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Copper 2.62 2.5 2.7 2.4 2.3 1.8
Iron Ore 82.50 78 75 73 71 61.2
Molybdenum 15,000.00 15000 15200 15300 15100 12000
Zinc 2,733.50 2637 2511 2485 2560 2050
Tin 21,037.00 21017 20804 20592 20380 16983
Nickel 10,212.00 10050 9947 10343 10140 8283
Aluminum 1,797.50 1716 1699 1681 1664 1387
Lead 2,262.75 2090 2011 1990 1870 1641
Coal 82.90 85.7 84.9 84 78 69.3
Cobalt 34,750.00 35423 37295 38768 37540 26200
Steel 312.50 365 365 355 355 390

Index Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Baltic Dry 925.00 951 942 932 923 769
LME Index 2,839.50 2637 2610 2583 2557 2131
CRB Index 195.81 192 190 188 186 155
GSCI Index 2,406.76 2399 2375 2350 2326 1939

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. 1/17/2017