Commodity Price Outlook
		2019				2020				2021
		Q1	Q2	Q3	Q4	Q1F	Q2F	Q3F	Q4F	Q1F	Q2F	Q3F	Q4F
	Crude Oil (WTI, $US/bbl)	55	60	56	57	47	33	38	45	49	50	51	52
	Natural Gas ($US/MMBtu)	2.92	2.56	2.38	2.40	1.90	1.85	2.20	2.30	2.40	2.41	2.42	2.44
	Gold ($US/troy oz.)	1303	1307	1473	1482	1580	1650	1650	1575	1550	1525	1500	1475
	Silver ($US/troy oz.)	15.58	14.91	17.02	17.34	17.00	15.50	15.50	15.47	15.46	15.46	15.45	15.44
	Copper (cents/lb)	282	278	263	267	259	240	260	270	262	260	261	263
	Nickel ($US/lb)	5.60	5.56	7.05	6.99	5.80	5.75	6.24	6.35	6.69	6.80	7.03	7.26
	Aluminum (cents/lb)	84	81	80	80	77	74	78	78	78	78	77	77
	Wheat ($US/bu)	7.08	6.36	6.14	6.77	6.60	6.40	6.64	6.74	6.76	6.78	6.79	6.81			3/16/2020
	F: Forecast by TD Economics as at March 2020. All forecasts are period averages. Source: Bloomberg, TD Economics, USDA (Haver).