Commodity | Forecast | 2016-2020

Energy Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Crude oil 53.99 53.6 53.1 52.5 52 51
Brent crude oil 56.05 55.7 55.1 54.6 54 45
Natural gas 2.63 3.78 3.74 3.71 3.67 3.06
Gasoline 1.51 1.65 1.64 1.62 1.6 1.34
Heating oil 1.64 1.69 1.68 1.66 1.64 1.37
Ethanol 1.53 1.52 1.51 1.49 1.48 1.23

Metals Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Gold 1,257.00 1128 1217 1105 1263 912
Silver 18.36 15.8 16.1 15.5 17.5 12.8
Platinum 1,024.60 895 920 877 1032 723
Palladium 771.20 648 680 635 720 524

Agricultural Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corn 364.50 377 369 354 360 279
Soybeans 1,013.75 977 956 965 950 805
Cotton 75.02 75 69 71 66 55
Wheat 431.25 398 394 390 410 322
Rice 9.43 9.5 9.4 9.7 10.2 7.41
Canola 516.70 510 530 550 520 408
Rubber 279.50 257 278 262 270 208
Wool 1,449.00 1450 1328 1414 1490 1084
Lumber 379.60 311 308 305 285 252
Orange Juice 172.05 195 212 195 205 150
Coffee 146.25 165 170 153 150 106
Oat 251.75 278 269 254 248 182
Cocoa 2,067.00 1780 1950 2100 2400 1771
Sugar 19.81 24 26 23 21 15.1

Livestock Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Feeder Cattle 121.70 130 128 125 120 105
Live Cattle 114.95 115 113 111 109 92.7
Lean Hogs 68.03 64.4 63.8 63.1 62.5 52.1
Beef 10.02 10.2 10.1 10 9.9 8.25

Industrial Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Copper 2.68 2.5 2.7 2.4 2.3 1.8
Iron Ore 91.00 78 75 73 71 61.2
Molybdenum 15,000.00 15000 15200 15300 15100 12000
Nickel 10,526.00 10050 9947 10343 10140 8283
Zinc 2,787.00 2637 2511 2485 2560 2050
Lead 2,229.75 2090 2011 1990 1870 1641
Tin 18,753.00 21017 20804 20592 20380 16983
Aluminum 1,860.50 1750 1699 1681 1664 1387
Coal 79.80 85.7 84.9 84 78 69.3
Cobalt 47,750.00 35423 37295 38768 37540 26200
Steel 312.50 325 345 355 355 390

Index Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
CRB Index 193.01 192 190 188 186 155
GSCI Index 2,386.25 2399 2375 2350 2326 1939
Baltic Dry 856.00 951 942 932 923 769
LME Index 2,826.50 2637 2610 2583 2557 2131

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. 2/25/2017