Thoucentric Commodity Price Forecasting Tool enables Commodity Traders, Procurement and Risk Management teams take procurement decisions based on an intelligent data driven approach by providing price forecast of traded commodities, instead of traditional approach based on market trends and rudimentary indicators.
Forecasts across relevant Trade Exchanges
Impact Evaluation of both micro & macro - economic factors
High Forecast Accuracy
(> 98% )
Commodity Price Forecasting Tool - An Overview
Thoucentric Commodity Price Forecasting tool runs on a machine learning powered forecast engine. The tool evaluates historical prices of commodities in respective trade exchanges along with micro and macro-economic factors that impact the commodity prices to provide a highly accurate forecast into the future prices of the commodities.
The forecast is available across relevant exchanges, in Cash and Future Markets over multiple time horizons (daily, weekly, monthly).
Our product can help Commodity Traders, Procurement and Risk Management teams:
- Take correct positions in financial market
- Procure commodities efficiently, &
- Save losses and opportunity costs
The product can be leveraged to Provide Last Mile Procurement Cost Forecast and Procurement Recommendation Engine (When, What and How Much To Buy?)
Ready to unlock the benefits or want to know more? Connect with our product and business development team to schedule a demo and take the next step.