Commodity Trade and Finance

<p>What affects the supply of oil? How important is the weather in determining grain prices? Why has the price of copper skyrocketed? </p><p>This unique book analyses the economics of key commodity groups including energy agriculture and metals. It examines the supply/demand fundamentals of several major and minor commodities physical characteristics production and consumption patterns trade flows and pricing mechanisms. It also explains<b> </b>the main tools used to hedge price risk such as futures options and swaps.</p><p>This second edition has been fully revised and restructured and contains four new chapters including oil refining electricity and price risk management for energy metals and agricultural commodities</p><p>This book is an indispensable reference text for students academics and those working in the commodity business.</p>