Fundamentals of commodity spot and futures markets -- Equilibrium relationships between spot prices and forward prices -- Stochastic modelling of commodity price processes -- Plain-vanilla option pricing and hedging -- Risk-neutral valuation of plain-vanilla options -- Monte-Carlo simulations...

"Comprehensively deals with worldwide agriculture markets, spikes in agricultural commodity prices, trading strategies (CTAs and others), the agribusiness industry, the challenges of feeding the planet, and the subjects of land, water, fertilizers, biofuels and ethanol"--

We investigate the impact of Thompson Reuters News Analytics (TRNA) news sentiment on the price dynamics of natural gas futures traded on the New York Mercantile Exchange (NYMEX). We propose a Local News Sentiment Level (LNSL) model, based on the Local Level model of Durbin and Koopman (2001),...