Commodity | Forecast | 2016-2020

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 Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Crude oil 48.65 50.3 49.8 49.2 48.7 40.6
Brent crude oil 50.75 53.1 52.5 52 51.5 42.9
Natural gas 3.26 3.19 3.16 3.12 3.09 2.58
Gasoline 1.54 1.69 1.68 1.66 1.64 1.37
Heating oil 1.50 1.56 1.55 1.53 1.52 1.26
Ethanol 1.59 1.57 1.56 1.54 1.53 1.27

Metals Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Gold 1,266.30 1230 1220 1210 1200 996
Silver 17.43 18 17.8 17.6 17.4 14.5
Platinum 945.50 940 931 921 912 760
Palladium 805.58 784 776 768 760 634

Agricultural Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Cotton 80.69 76.6 75.8 75 74.2 61.9
Corn 361.50 363 360 356 352 294
Soybeans 944.00 939 929 920 910 758
Rice 9.22 9.88 9.78 9.68 9.58 7.98
Wheat 410.05 426 422 417 413 344
Wool 1,504.00 1490 1470 1460 1440 1200
Lumber 377.20 378 374 370 366 305
Canola 521.30 480 475 470 465 388
Rubber 215.50 242 240 237 235 196
Orange Juice 160.90 154 152 151 149 124
Coffee 130.20 139 137 136 135 112
Oat 221.00 223 220 218 216 180
Cocoa 1,883.00 2090 2070 2050 2030 1690
Sugar 15.74 16.7 16.5 16.4 16.2 13.5

Livestock Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Live Cattle 132.03 119 118 116 115 96
Lean Hogs 65.00 64.9 64.2 63.6 62.9 52.4
Feeder Cattle 140.30 130 129 128 126 105
Beef 10.03 9.53 9.44 9.34 9.24 7.7

Industrial Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Copper 2.58 2.61 2.59 2.56 2.53 2.11
Iron Ore 67.00 80.2 79.4 78.6 77.8 64.8
Molybdenum 15,000.00 14900 14700 14600 14400 12000
Zinc 2,615.25 2720 2700 2670 2640 2200
Aluminum 1,956.00 1930 1910 1890 1870 1560
Nickel 9,179.50 9860 9760 9660 9560 7970
Lead 2,189.00 2310 2280 2260 2240 1860
Tin 19,965.00 20000 19800 19600 19400 16200
Steel 312.50 309 306 303 300 250
Coal 83.85 79.9 79.1 78.3 77.5 64.6
Cobalt 55,000.00 54000 53400 52900 52300 43600

Index Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
LME Index 2,788.10 2880 2850 2820 2790 2320
Baltic Dry 1,147.00 1280 1270 1260 1250 1040
GSCI Index 2,249.84 2270 2250 2230 2200 1840
CRB Index 183.24 185 184 182 180 150