This is a book for beginners on commodity price analysis from a fundamental perspective. These chapters are derived from my lecture notes used to teach ACE 427: Commodity Price Analysis at the University of Illinois The course itself is based an the outline given to me by Scott Irwin, who has taught ACE 427 at the University of Illinois for years.

This book is targeted at the upper level undergraduate student, or professional beginning a career related to commodity markets. The objective is to familiarize the reader with the sources of market information and research commonly used by practicing professionals working in the industry.

This book is updated with current information in the tables and figures each time I teach the course. Previous versions of the book can be found here.

For readers interested in more in-depth analysis of commodity prices from a statistical perspective, I am working on an R Companion to this book.