The Commodity Derivatives Markets from a Broadly Conceptual Perspective

This is a working paper version of a set of articles that was later published in the Spring 2017 Global Commodities Applied Research Digest. This collection of articles covers the commodity derivatives markets from a broadly conceptual perspective. Specifically, this set of articles reviews (a) the potentially persistent sources of return in the commodity futures markets; (b) the differing risk-management priorities for commercial versus speculative commodity enterprises; and (c) the economic role of commodity market participants.