Commodities - An Introduction
This course is designed to give delegates a broad overview of the commodities market. The programme starts off by identifying the links between different commodity markets and then moves on to look at the different physical and financial market participants.

Attending the course will help you:
  • Understand the various participants in the commodity markets
  • Define what is meant by a commodity
  • Look at the main traded commodity markets

Who should attend?

This course is suitable for anyone with an understanding of the fundamental concepts of finance who has an interest in understanding how commodities fit into the world of finance. No prior study is required.

Details of next seminar


Programme Recognition

Candidates who complete the Commodities - An Introduction training programme qualify for 13 credit hours under the guidelines of the CFA Institute’s Continuing Education Programme.

Course Trainer

Download brochureThe course content is divided into several topic areas, which are then broken down into multiple subtopics:

1. Commodity Fundamentals
  • Identify the links between different commodity markets
  • The main traded commodity markets
  • Why commodity markets are essentially forward markets

2. Forward Pricing
  • The concept of a forward price
  • Why normal forward pricing conditions do not apply in commodity markets
  • Conditions of contango and backwardation and the situations in which they are most likely to occur
  • The main commodity participants and their likely activity along the forward curve

3. Physical Market Participants
  • The nature of a supply chain for different commodities
  • The nature of their associated price risks
  • Demand and supply patterns for different commodity complexes (i.e. metals vs. energy vs. agriculture)
  • The main price drivers of commodity prices

4. Financial Market Participants
  • How market participants can invest in commodities (e.g. index funds vs. ETPs vs. MTNs)
  • The main commodity indices used by the market
  • The main sources of return from index investing (i.e. the concept of the roll yield)
  • The main features of exchange traded products
  • Structured commodity products


Details of the next course

London - TBC

International Capital Market Association (ICMA) Limited
3rd Floor
23 College Hill
London EC4R 2RP
United Kingdom
For security reasons, delegates who have not registered in advance will not be admitted to this course.  Delegates will be required to provide photo identification on arrival, to ensure entry.


The cost is £725.00 for ICMA members and £965.00 for non-members.

The course fee includes all lunches, coffee breaks and training materials.

Payment can be made by secure online credit card or by invoice.

Terms and conditions

Please click here to view our terms and conditions before registering.


Should you have any queries, please contact

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