Fundamentals of Commodity Markets

About the Course

Entrima offers online education. We cover various educational programmes, each being split into multiple building blocks. The educational programme “Fundamentals of Commodity Markets” is offered in a wide range of modules. Each module represents a specific subjects and/or themes.

Course Contents

Asset classes – Types of markets

  • About fixed-income, equity, real estate, FX and commodities
  • Risk-reward ratios

Commodities & commodity markets

  • About metals, softs & energy, but also freight, carbon & fibres
  • Relations & correlations

Production, storage & transport – Up-, mid- & downstream

  • Capacity
  • Analysis of availability and utilization

Market participants & their role

  • Commodity trading firms & investors
  • Risk diversification & correlation
  • Roll yield

Spot & forward markets – Physical & financial products

  • Price volatility
  • Power & Gas – Balancing

Commodity derivatives – Contract specifications & settlement

  • Physical delivery vs. cash settlement
  • ADP, TAS
  • Power & gas: Delivery period vs moment

Pricing of commodities – Price driving factors

  • Fundamental & non-fundamental price driving factors
  • Pestle & steepled analysis, incl. seasonality & mean-reversion

Commodity markets vs. Financial markets – Differences

  • Differences between the characteristics of both markets
  • A comparison is made concerning markets, products & pricing

The role of speculators

  • The impact of speculators on price levels
  • Politicians, policy makers & regulation

Exam & Certification

 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com