TABLE OF CONTENTS

Part 1 – Commodity Futures — An Overview

The futures contract – Trading units – Delivery months – The commodity exchange – Hedgers and speculators – Price movements – How to read price quotations – Price forecasting – Charts – Technical analysis – Volume and Open interest – The trading account – Selecting a broker – Margins and leverage – Commissions – Types of orders – Calculating profits and losses – The trading plan – Risk and reward

Part 2 – Spread Trading In Commodity Markets

What is a spread – How can spreads produce profits – Why trade spreads – Leverage on spreads – Carrying charges – Limited risk spreads – Interest rates – Risk calculation – Inverted markets – Types of spreads – Interdelivery spreads – Intermarket spreads – Intercommodity spreads – Money spreads – Raw materials versus product spreads – The soybean crush spread – Analysis of spreads – How to read a spread chart – How to place spread orders – Protective spreads – Tracking a spread position – Liquidating a spread position – The two-unit trading method – Dynamic spreads

Part 3 – Classic Spreads And Trading Opportunities

• Grains
• Soybean Complex
• Livestock And Meats
• Foodstuffs
• Fiber And Forest Products

Part 4 – New And Updated Market Spreads And Trading Opportunities

• Metals
• Energy Complex
• Currencies
• Interest Rate Instruments
• Stock Indices