Posted 3/13/2019 12:32 (#7377780) Subject: Corn,Soybean,Wheat 10 day price forecast
Central Pennsylvania, USA
Linear trend projected price forecasts are better than a 50/50 coin toss, until the trend changes. Volatility changes can,and do, induce trend changes. If we assume that the 30 trailing day linear trend won't change in the next 10 market days, then the trend projected price forecast will be better than a coin toss.
Table below shows the trend projected price change forecast for Ag commodities over the next 10 market days, starting 2019_03-13:
Attached charts show the parts diagram for these forecasts. The charts use commodity futures ETF daily closing price as input data. Because the charts show volatility and price change in % , they also apply to the ETF underlying futures market price. The charts are 'backwards' in time (trailing time). Market days for the past are positive (+) trailing market days, market days for the future are negative (-) trailing market days.