EODHD Academy

Commodities Foundations

What a commodity market actually is — a physical good with a grade, a place and a date; the personalities of energy, metals and agriculture; and the mechanics of the wrappers people use to hold them.

4 units · 16 lessons · 82 min read · plus hands-on practice, at your pace

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What actually makes something a commodity?

What Makes a Commodity Different · 4 min read · foundations

Start the first lesson

Unit 1 What Makes a Commodity Different

  1. What actually makes something a commodity? 4 min
  2. Why can't you value a barrel of oil the way you value a share? 5 min
  3. Why is there no single price for oil? 5 min
  4. Why does almost nobody trade the physical commodity? 5 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Energy — Crude, Products and Gas

  1. What's the difference between WTI and Brent? 5 min
  2. What does a refinery actually buy and sell? 5 min
  3. Why is natural gas the most seasonal market there is? 5 min
  4. Why do small supply changes move oil prices so much? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Metals & Agriculture

  1. What is gold actually responding to? 5 min
  2. Why is copper called a barometer? 5 min
  3. Why does a grain market live on a calendar? 6 min
  4. What makes coffee, cocoa and cattle different from corn? 5 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 How Commodities Are Accessed

  1. Why does a commodity market need people who never touch the commodity? 5 min
  2. What does it actually take to hold a commodity through futures? 6 min
  3. ETF, ETC or mining share: what are you actually holding? 6 min
  4. Commodities foundations — course checkpoint 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate.