This webpage describes a database file along with videos that allows y'all to download and create analyses of celebrated commodity prices besides as commodity futures prices. You lot tin automatically download data and so evaluate some prices. Databases on commodity prices use data from the globe bank "pinkish data" and from the Chicago Mercantile Commutation (CME). The database file from the world bank is structured so that you can compare fourth dimension series and analyze article price trends. The database file with futures prices allows you to evaluate futures prices for various unlike commodities including oil, natural gas, coal and electricity. I have also included VBA code to create the commodity databases where you tin read the data and upload it. Every bit with all of the databases, they are structured so that you can delete the old data so upload new data. If you upload the data and and then it does not work, please send me an email at edwardbodmer@gmail.com.
Commodity prices can exist very volatile, have mean reversion and exist correlated with ane another. The offset step for analysis of assumptions related to commodity prices should therefore be gathering historic data. Sources for acquiring data include the globe banking concern and futures markets. The world bank website includes a lot of monthly data on many commodity prices (except, unfortunately, diesel prices, petrochemical prices, petrol prices, steel prices and other prices that are from refined products). Local electricity commodity prices are besides not in the database and are included in the free energy assay role of the website. The website for the globe bank for the historic monthly information is below:
File that Contains Monthly Commodity Price History and World Bank Commodity Price Forecasts with Automated Updates
Commodity Price History and Forecast Database
I call back at that place are a few sources for financial and economical data that are really skilful. I of the sources is the world bank data base that records and updates commodity prices called for some reason pink data. On this World Banking concern web site you lot can download monthly nominal prices since 1960 for more than 100 commodity price serial. The workbook file listed beneath goes to the pink data part of the globe bank website and updates celebrated commodity toll information as well every bit forecast data published past the world bank. To update the history data y'all merely take to printing the macro push button. You can download this file by pressing the push button below. Every bit with any of the databases or financial models, if you lot are having any issues with running and updating the program (sometimes the URLs or the formats change), yous would help me past sending an east-mail to my accost at edwardbodmer@gmail.com.
You may have to update the URL for the monthly data using the earth bank information. To practice this, go to the world depository financial institution website on commodity prices using the link:
Then, right click on the monthly prices download illustrated above and copy the URL to the spreadsheet in the workbook. This link is in the sheet named "download data." The URL should be placed in Cell D6.
The link that was relevant for 2021 prices is the link beneath. It is very possible that this link will modify and you volition have to update the file to read the natural gas prices.
You tin can update the file every month or couple of months and you can utilise the file to perform statistical analysis of the diverse commodity prices. The historic data can be updated very easily by pressing the macro push. To update reading of the forecast you have to look-upwards the link that sometimes changes.
The file allows you to analyse celebrated data and compare forecast and projected information for a large series of commodity prices.
Y'all can also notice article toll data on the FRED database. The second file goes to the FRED database and puts together a whole agglomeration of the commodity price series.
Article Price Data from the FRED Database
Database that Retrieves Article Futures Prices
In addition to the historic prices, you lot can retrieve data from futures markets using the workbooks.open up method and putting together the summary of different futures prices. The file that you can used to download futures prices and update them is available for download below. The website for acquiring futures information has changed in the past which can create some problems. If at that place are whatever issues with running and updating the programme, please do not hesitate to send me an e-mail at edwardbodmer@gmail.com. . . Database file with Commodity Futures Prices from the CME that you lot tin Update Automatically . . The futures data is downloaded from:http://www.cmegroup.com/trading/energy/crude-oil/brent-crude-oil.html.
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