For the first time in a long time, I would like to attempt to forecast US wheat futures prices for September, October and November.
This is an attempt to forecast US wheat futures prices using time series analysis techniques.
However, the reality is that grain prices are affected by weather conditions and global supply and demand, so there are many factors involved.
It is therefore quite difficult to predict actual prices using only numerical calculations.
For this reason, this blog takes no responsibility for the results of any investments made based on the predictions in this article.
Investments should only be made at your own discretion and with the advice of an expert.
Development of US wheat futures prices
The following graph shows the closing prices of monthly US wheat prices from January 1990 to August 2024.
The latest results show that there has been considerable volatility.
US wheat futures forecast prices
The graph below shows actual prices up to August and forecasts for September, October, and November.
US wheat futures forecast prices
The graph below shows actual prices up to August and forecasts for September, October, and November.
And below is a table showing actual prices and predicted values for September to November.
| 日付け | 実価格 | 9-11月予測 |
| 2024/1/1 | 605.25 | 615.12 |
| 2024/2/1 | 577.5 | 602.91 |
| 2024/3/1 | 575.75 | 576.09 |
| 2024/4/1 | 585 | 584.70 |
| 2024/5/1 | 678.5 | 578.68 |
| 2024/6/1 | 553.5 | 665.80 |
| 2024/7/1 | 527.25 | 553.74 |
| 2024/8/1 | 539 | 555.03 |
| 2024/9/1 | 547.06 | |
| 2024/10/1 | 543.72 | |
| 2024/11/1 | 542.52 |
A graphical representation of this table is shown below.
Summary.
We have forecast the price of US wheat futures using time series analysis.
The calculations predict a gradual decline from September to November, but in reality, we do not know what will happen.
This article is merely a publication of the results of the time series analysis and we cannot be held responsible for any results based on the figures in this article.
Investing involves various factors (e.g. weather, international conditions, etc.) and it is very difficult to predict future results based on numerical calculations alone.
For this reason, this blog cannot be held responsible for the results of any investments made based on the predictions in this article.
If you decide to invest, please do so at your discretion after carefully considering the opinions of experts.
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