Energy Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Crude Oil 81.7700 84.5592 86.9041 89.3067 91.7833
Brent 84.0900 87.1194 89.3783 91.6881 94.0659
Natural gas 5.1100 5.6396 5.8704 6.1104 6.3602
Gasoline 2.4722 2.5415 2.6072 2.6743 2.7434
Heating oil 2.5357 2.6337 2.6949 2.7577 2.8221
Ethanol 2.2070 2.2567 2.3074 2.3593 2.4125
Naphtha 765.22 777.13 791.55 806.28 821.31
Propane 1.47 1.52 1.57 1.61 1.66
Uranium 48.8500 48.3375 49.5034 50.6975 51.9153
Methanol 3,288.00 3,875.66 3,985.34 4,098.03 4,214.12
TTF Gas 93.45 108.29 114.78 121.66 128.94
UK Gas 233.8100 273.7621 290.9190 309.1578 328.5558

Metals Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Gold 1,781.33 1,788.79 1,810.53 1,832.62 1,855.06
Silver 24.095 23.867 24.447 25.041 25.649
Copper 4.5685 4.8126 4.9061 5.0010 5.0982
Steel 5,543.00 5,782.15 5,906.12 6,032.36 6,161.43
Iron Ore 117.50 118.92 122.98 127.17 131.50
Lithium 181,000.00 185,905.10 190,936.90 196,113.50 201,434.90
Platinum 1,044.56 1,080.33 1,107.31 1,135.03 1,163.38

Agricultural Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Soybeans 1,224.7500 1,191.4466 1,165.7521 1,140.5447 1,115.9461
Wheat 739.7500 715.3564 697.1532 679.4638 662.2148
Lumber 663.50 707.13 662.29 620.31 580.97
Cheese 1.7800 1.7004 1.6244 1.5518 1.4824
Palm Oil 4,966.00 4,799.27 4,643.00 4,491.69 4,344.84
Milk 17.89 17.13 16.35 15.61 14.91
Rice 13.5500 13.6458 13.4394 13.2371 13.0376
Rubber 224.90 200.73 191.43 182.55 174.06
Sugar 18.99 19.29 18.82 18.36 17.91
Oat 658.7500 644.6681 629.4824 614.6267 600.1012
Wool 1,369.00 1,297.33 1,272.20 1,247.46 1,223.25
Tea 3.09 2.80 2.65 2.51 2.37
Cocoa 2,562.00 2,536.87 2,468.57 2,402.35 2,337.70
Cotton 106.35 105.30 103.32 101.36 99.44
Orange Juice 125.50 117.91 114.86 111.89 108.99
Coffee 203.55 197.37 191.58 185.94 180.47
Canola 940.20 890.44 868.62 847.35 826.54
Corn 531.5000 511.3368 496.5948 482.3267 468.4271

Livestock Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Beef 19.24 19.45 19.63 19.80 19.98
Poultry 8.28 8.46 8.60 8.75 8.91
Feeder Cattle 156.2500 160.4744 163.4210 166.4307 169.5034
Live Cattle 124.6500 127.5875 129.2252 130.8754 132.5509
Lean Hogs 73.4750 80.8346 83.4803 86.2043 89.0300

Industrial Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Coal 232.00 246.91 254.02 261.34 268.87
Bitumen 2,982.00 3,089.74 3,184.18 3,281.61 3,382.04
Aluminum 2,910.00 3,229.29 3,287.03 3,346.04 3,405.68
Tin 37,100.00 38,059.35 38,846.12 39,651.53 40,471.85
Zinc 3,426.00 3,886.08 3,959.69 4,034.45 4,110.73
Cobalt 56,545.00 57,375.75 58,262.80 59,166.80 60,087.75
Lead 2,453.50 2,439.85 2,484.41 2,529.94 2,576.18
Nickel 21,046.00 20,519.49 20,983.02 21,456.57 21,942.17
Molybdenum 45.00 46.80 48.68 50.63 52.66
Palladium 2,018.52 2,125.90 2,185.06 2,245.66 2,308.13
Neodymium 797,500.00 813,370.25 829,559.50 846,067.75 862,895.00
Tellurium 495.00 497.72 500.45 503.22 505.99
Gallium 1,985.00 1,969.70 1,994.79 2,020.08 2,045.75
Germanium 8,850.00 8,880.98 8,911.95 8,942.93 8,974.79
Manganese 35.50 35.80 36.10 36.40 36.71
Indium 1,600.00 1,705.07 1,740.81 1,777.38 1,814.79
Soda Ash 3,500.00 3,570.70 3,642.80 3,716.30 3,791.55
Iron Ore 62% fe 122.89 126.47 129.83 133.28 136.83
Rhodium 14,000.00 14,509.60 15,037.40 15,584.80 16,151.80

Index Price Signal Q4/21 Q1/22 Q2/22 Q3/22
Baltic Dry 4,751.00 5,037.00 5,226.79 5,423.86 5,628.21
CRB Index 255.47 257.50 260.73 263.99 267.27
LME Index 4,718.50 4,694.14 4,765.80 4,838.85 4,912.82
S&P GSCI 2,929.12 2,953.40 2,998.20 3,043.88 3,090.13
EU Carbon Permits 58.12 61.33 63.28 65.29 67.37
Wind Energy Index 363.61 358.65 364.58 370.58 376.72
Nuclear Energy Index 1,443.16 1,428.56 1,442.99 1,457.56 1,472.27
Solar Energy Index 439.23 432.11 444.87 457.97 471.48

TRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on August 8 of 2021. Please consider that while TRADING ECONOMICS forecasts for Commodities are made using our best efforts, they are not investment recommendations.