Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. John Kemp at Thomson Reuters is a big fan of commodity curves — backwardation, contango and all the principles ...
According to a forthcoming paper in the Journal of International Money and Finance, there have been significant changes in the risk premia of oil futures since 2005. Regular readers of AllAboutAlpha ...
Crude oil continues to fall as analysts are now predicting that we could see prices fall below $75.00. An analyst this morning said that WTI crude oil is Crude Oil In Backwardation While Brent Oil In ...
On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but widened to 0.36% in the February contract. 12,673 ...
Most commodity ETFs are in a downtrend. The (small) iShares Commodity Curve Carry Strategy ETF is an exception. It’s an optimized commodity ETF that focuses on commodities with the greatest degree of ...
Most commodity-related exchange traded funds track a basket of futures securities. Consequently, investors should understand how the underlying futures markets work and the effects they will have on ...
Term structure, the forward curve, or time spreads are all synonymous and reflect the price differences for a commodity over time. In some commodities, seasonality causes prices to reach lows at ...
Backwardation indicates the futures curve is falling, with spot markets and short-term futures contracts priced higher than longer-dated contracts. Backwardation of commodities hit the steepest level ...