Futures and Commodities

Objective

  • Understand and price futures contracts

Reading

  • Chapter 22: Futures
  • Chapter 23: Futures
  • CME Market Data: Learn about commodity contracts and current prices

History of Forward and Futures Contracts

Futures Overview

Khan Academy

Mark-to-Market

Khan Academy

Spot-Futures Parity

Pricing Futures Contracts

  • Cost of Carry
  • Convenience Yield

Contango and Backwardation

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