Commodity Price Trends and Outlook for Direct Categories

Empower your procurement teams with methodical insights into commodity price trends and outlook for direct categories to help them improve their budget planning and decision-making.

Learn more Know about SpendEdge Procurement

Key Benefits of Commodity Price Forecasting for Your Business

Keep track of price fluctuations

Keep track of price fluctuations

  • Continuously monitor commodity price outlook for a vast array of spend areas
  • Effectively distinguish between high-risk and low-risk commodities for efficient risk mitigation
  • Make cost-sensitive procurement decisions with our commodity price forecasting solutions

Make budget planning with absolute confidence

Make budget planning with absolute confidence

  • Equip commodity managers with valuable intel on commodity price trends and commodity price outlook
  • Get price forecasts for both short and long timeframes – weekly, monthly, quarterly, or even 6 and 12-month timeframes
  • Focus your attention on highly volatile spend categories such as crude oil, natural gas, steel, energy, plastics, resins, base metals etc.,

Improve commodity forecast accuracy with historical pricing trends and insights

Improve commodity forecast accuracy with historical pricing trends and insights

  • Evaluate historical commodity price trends for each commodity that’s key to your business
  • Analyze the effect of downstream and feedstock variables on commodity pricing
  • Combine univariate and multivariate models for accurate commodity price forecasts

Employ price hedging as a risk mitigation tool

Employ price hedging as a risk mitigation tool

  • Optimize spending and minimize exposure to price risk
  • Definitively reduce the odds of supply chain disruptions
  • Achieve significant cost and time savings by locking in prices

Apply ML and AI-enabled forecasting frameworks

Apply ML and AI-enabled forecasting frameworks

  • Adjust model configurations for commodities based on region, specifications, and grade
  • Unlock the potential of deep learning models for better pattern recognition

Why choose SpendEdge?

Featured Case Study

Mining Industry Case Study: Cost-Benefit Analysis

Mining Industry Case Study: Cost-Benefit Analysis

June 16, 2025

It is essential to have a feasibility report and a cost-benefit analysis (CBA) for a project. This analysis lies within a range of project and plan appraisal methods that seek to apply monetary value to costs and benefits. It is more comprehensive in scope, taking a long view of the…

Read More

Talk to our expert

Coping with risks related to commodity price fluctuations can be arduous for organizations, but this task can be made largely hassle-free with accurate and detailed commodity price trends analysis and forecasts.

Get the details now

Explore Our Other Services

Request for proposal
[Webinar]: Managing Supply Chain Disruptions: Practical Approaches to Building Resilience Without Overbuilding Inventory
x