Commodities - Module 1
How commodity markets work
Physical goods traded through paper: producers, consumers and speculators, and why storage and delivery shape prices even for traders who will never take delivery. The retail wrappers appear in module 3; term structure earns its own treatment in module 8.
9 lessons, about 58 minutes
- 1A commodity contract is a promise about a physical thing6 min
- 2Why there is no single oil price7 min
- 3Who trades commodities, and why most of it is not speculation6 min
- 4Where a commodity price actually comes from6 min
- 5What you are actually trading is not the barrel6 min
- 6What actually moves a commodity price7 min
- 7Storage is what connects one month to the next6 min
- 8What one contract actually controls7 min
- 9The commodity day, and the date your position stops being optional7 min