Commodity | Forecast | 2016-2020

Energy Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Crude oil 47.68 53.6 53.1 52.5 52 51
Brent crude oil 50.85 56 55.4 55 54.3 53.3
Natural gas 3.12 2.74 2.71 3.67 3.67 2.22
Gasoline 1.60 1.7 1.6 1.6 1.6 1.4
Heating oil 1.50 1.6 1.6 1.6 1.6 1.4
Ethanol 1.54 1.48 1.46 1.48 1.48 1.19

Metals Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Gold 1,253.36 1229 1216 1090 1263 993
Silver 18.04 18.2 18 15.4 17.5 14.7
Platinum 959.50 1006 996 868 1032 813
Palladium 806.22 764 756 629 720 618

Agricultural Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corn 354.25 364 360 354 360 294
Cotton 77.21 74.6 73.8 71 66 60.3
Soybeans 974.60 1018 1008 965 950 823
Rice 9.85 9.47 9.38 9.7 10.2 7.66
Wheat 419.40 419 414 386 410 338
Wool 1,551.00 1435 1420 1414 1490 1159
Canola 488.00 520 515 550 520 420
Rubber 237.30 271 268 262 270 219
Orange Juice 173.75 159 158 195 205 129
Coffee 138.40 139 137 153 150 112
Sugar 17.68 21 18.9 18 21 15.4
Cocoa 2,133.00 1986 1966 2100 2400 1605
Lumber 372.60 363 359 302 285 293
Oat 241.00 257 255 254 248 208

Livestock Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Live Cattle 121.34 125 124 111 109 101
Lean Hogs 66.03 66.9 66.2 62.5 62.5 54.1
Feeder Cattle 132.33 124 123 125 120 100
Beef 9.80 9.89 9.79 9.9 9.9 7.99

Industrial Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Copper 2.62 2.7 2.68 2.4 2.3 2.18
Iron Ore 84.50 91.1 90.2 77 71 73.6
Aluminum 1,928.75 1901 1881 1860 1890 1910
Molybdenum 15,000.00 14850 14700 15300 15100 12000
Nickel 9,807.50 10883 10773 10343 10140 8794
Lead 2,342.50 2231 2209 1970 1870 1803
Tin 19,880.50 19013 18821 20400 20380 15364
Zinc 2,811.75 2789 2761 2460 2560 2254
Steel 312.50 309 306 355 355 250
Coal 80.95 82.7 81.8 83.1 78 66.8
Cobalt 53,750.00 48758 48265 38768 37540 39400

Index Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
LME Index 2,854.10 2840 2811 2560 2557 2295
CRB Index 184.88 190 188 186 186 154
Baltic Dry 1,240.00 850 842 923 923 687
GSCI Index 2,235.17 2365 2341 2330 2300 1911

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. 3/27/2017