Commodities
Oil, gas, metals, grains and livestock: curves, seasonality, spreads, and how physical supply gets priced.
OPEC Announcements and Oil: How Supply News Gets Priced
OPEC production announcements contain forward-looking information about global crude oil supply that the futures market reprices in minutes to hours following release. This price discovery mechanism reflects both
The Storage Theory of Commodity Prices: Convenience Yield Explained
**Abstract.** The storage theory of commodity prices explains why futures contracts sometimes trade below spot prices (backwardation) and sometimes above (contango) by incorporating the cost of physical storage,
Agricultural Seasonality: Planting, Harvest, and Price Patterns
**Abstract:** Agricultural commodity prices follow predictable seasonal cycles driven by planting and harvest calendars, which create recurring periods of supply scarcity and surplus. Understanding these cycles allows traders