Adjacent: Macro & Assets · Adjacent
Commodities
Oil, metals and crops as markets: who trades them, futures and the cost of carry, contango vs backwardation and roll yield, storage and physical traders, negative oil in April 2020, supercycles, and how commodities fit a portfolio.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Futures basics; Macro for traders. Next: Prediction markets. Sources: CME Group education; Javier Blas & Jack Farchy, *The World for Sale* (2021); EIA data.Next: 1. The landscape