Commodity | Forecast | 2016-2020

Energy Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Crude oil 50.84 44.5 44 43.6 43.1 35.9
Brent crude oil 53.89 45.6 45.1 44.6 44.2 36.8
Natural gas 3.72 2.67 2.65 2.62 2.59 2.16
Gasoline 1.50 1.33 1.31 1.3 1.29 1.07
Heating oil 1.63 1.43 1.41 1.4 1.38 1.15
Ethanol 1.69 1.53 1.52 1.5 1.49 1.24

Metals Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Gold 1,159.55 1205 1193 1181 1169 974
Silver 16.84 16.5 16.3 16.2 16 13.3
Platinum 916.05 926 917 907 898 748
Palladium 735.82 722 715 708 701 584

Agricultural Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Cotton 70.80 71.8 71.1 70.4 69.6 58
Corn 351.00 339 336 332 329 274
Soybeans 1,038.50 1055 1020 970 950 791
Rice 9.77 9.41 9.32 9.22 9.13 7.61
Wheat 395.75 400 396 392 388 324
Wool 1,349.00 1277 1264 1251 1238 1032
Orange Juice 212.75 210 208 206 204 170
Coffee 139.55 161 160 158 156 130
Sugar 19.26 20 19.8 19.6 19.4 16.2
Canola 518.50 511 505 500 495 413
Rubber 248.60 209 207 205 203 169
Cocoa 2,170.00 2395 2371 2346 2322 1935
Lumber 317.30 320 317 313 310 258
Oat 214.00 235 233 230 228 190

Livestock Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Feeder Cattle 126.60 126 124 123 122 102
Live Cattle 107.99 107 106 105 104 86.3
Lean Hogs 56.67 47.1 46.6 46.1 45.6 38
Beef 10.15 9.98 9.88 9.78 9.68 8.06

Industrial Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Copper 2.62 2.46 2.43 2.41 2.38 1.98
Iron Ore 80.50 68.3 67.6 66.9 66.2 55.2
Zinc 2,689.00 2499 2474 2448 2423 2019
Nickel 11,422.00 11171 11058 10945 10833 9027
Lead 2,309.25 2125 2104 2082 2061 1717
Tin 20,925.00 19701 19502 19303 19104 15920
Aluminum 1,724.00 1680 1663 1646 1629 1358
Molybdenum 15,000.00 14850 14700 14550 14400 12000
Coal 84.00 104 103 102 101 83.9
Cobalt 31,500.00 28958 28665 28373 28080 23400
Steel 312.50 309 306 303 300 250

Index Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Baltic Dry 1,090.00 944 935 925 916 763
CRB Index 193.14 182 180 178 176 147
GSCI Index 2,379.57 2168 2146 2125 2103 1752
LME Index 2,776.40 2685 2658 2631 2604 2170

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. 12/11/2016