Theory of Storage
https://www.intelligenteconomist.com/theory-of-storage/
The Theory of Storage describes features observed in commodity markets. Here are some basic terminology that needs to be understood to understand the Theory of Storage.
Commodity Market
A commodity market is a market that trades in primary goods rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa and sugar. Hard commodities are usually mined and include metals like gold and iron ore.
Spot Price
A spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement (payment and delivery) on the spot date. The spot date is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate).
Futures Prices
A forward contract or futures contract is where contract terms are agreed now, but delivery and payment will occur at a future date. The contracts are negotiated at a futures exchange, which acts as an intermediary between the two parties.
Contango
This is when the future prices are trading higher than the expected spot price.
Backwardation
This is when the future prices trading below the expected spot price.
The Theory of Storage
When available inventory levels (supply) of the commodity are high, the buyers of that commodity keep their supply levels to the minimum
- Futures prices tend to be in contango. This means that the future prices are trading higher than the expected spot price.
- The volatility of spot and futures prices tend to be low, and equal.
When available inventory levels of the commodity are low, buyers of the commodity tend to stock up on the good:
- Futures prices tend to be in backwardation. Backwardation means that future prices are trading lower than the expected spot price.
- The volatility of nearby futures prices are raised compared with the volatility of long term futures prices.
Theory of Storage的更多相关文章
- storage theory
preface/prehight:topic: Storage(share fileSystem(可共享文件系统,Access I/O existence bottleNeck,access read ...
- Java I/O theory in system level
参考文章: JAVA NIO之浅谈内存映射文件原理与DirectMemory Java NIO 2.0 : Memory-Mapped Files | MappedByteBuffer Tutoria ...
- [转] KVM storage performance and cache settings on Red Hat Enterprise Linux 6.2
Almost one year ago, I checked how different cache settings affected KVM storage subsystem performan ...
- Distributed systems theory for the distributed systems engineer
Gwen Shapira, SA superstar and now full-time engineer at Cloudera, asked a question on Twitter that ...
- Send custom commands to Mass Storage device
http://stackoverflow.com/questions/14363152/send-custom-commands-to-mass-storage-device I have devel ...
- Azure Queue Storage 基本用法 -- Azure Storage 之 Queue
Azure Storage 是微软 Azure 云提供的云端存储解决方案,当前支持的存储类型有 Blob.Queue.File 和 Table. 笔者在<Azure File Storage 基 ...
- Azure File Storage 基本用法 -- Azure Storage 之 File
Azure Storage 是微软 Azure 云提供的云端存储解决方案,当前支持的存储类型有 Blob.Queue.File 和 Table. 笔者在<Azure Blob Storage 基 ...
- HTML5_06之拖放API、Worker线程、Storage存储
1.拖放API中源对象与目标对象事件间的数据传递: ①创建全局变量--污染全局对象: var 全局变量=null; src.ondragstart=function(){ 全局变量=数据值; ...
- HTML5权威指南--Web Storage,本地数据库,本地缓存API,Web Sockets API,Geolocation API(简要学习笔记二)
1.Web Storage HTML5除了Canvas元素之外,还有一个非常重要的功能那就是客户端本地保存数据的Web Storage功能. 以前都是用cookies保存用户名等简单信息. 但是c ...
随机推荐
- Cesium 动态绘制点线面(附源码下载)
我写的这个点线面绘制融入了增删改的功能.其中可以通过手动点击地图进行动态绘制线面,也支持通过给定坐标数组来进行线面的增加.绘制好的线面,可以点击进行修改:以上介绍了我的大概的要给操作,下面以面的构建来 ...
- leaflet-webpack 入门开发系列四图层控件样式优化篇(附源码下载)
前言 leaflet-webpack 入门开发系列环境知识点了解: node 安装包下载webpack 打包管理工具需要依赖 node 环境,所以 node 安装包必须安装,上面链接是官网下载地址 w ...
- PWA 学习笔记(五)
离线与缓存 资源请求的拦截代理: 1.资源请求的判断: (1)fetch 事件会拦截页面上所有的网络资源请求,但我们通常只对部分资源请求进行处理, 其余的请求会继续走浏览器默认的资源请求流程 (2)f ...
- 编辑器之神vim的一些常用快捷键整理
yy:复制 光标所在的这一行 4yy:复制 光标所在行开始向下的4行 p:粘贴 dd:剪切(删除) 光标所在的这一行 4dd:剪切(删除) 光标所在行向下的4行 D:从当前的光标开始向后剪切,一直到行 ...
- JVM-7-类加载机制
什么是类的加载 类的加载指的是将类的.class文件中的二进制数据读入到内存中,将其放在运行时数据区的方法区内,然后在堆区创建一个java.lang.Class对象,用来封装类在方法区内的数据结构. ...
- 《Web Development with Go》Mangodb插入map,slice,Embedded Documents
这几个好理解, 更好的实现,再说. package main import ( "fmt" "log" "time" "gopkg ...
- java之Set接口(单列集合)
Set接口概述 java.util.Set 接口和 java.util.List 接口一样,同样继承自 Collection 接口,它与 Collection 接口中的方法基本一致,并没有对 Coll ...
- 关于java中三种初始化块的执行顺序
许多小伙伴对于java中的三种初始化块的执行顺序一直感到头疼,接下来我们就来分析一下这三种初始化块到底是怎么运行的.有些公司也会将这个问题作为笔试题目. 下面通过一段代码来看看创建对象时这么初始化块是 ...
- 微软、IBM、GitLab 等大厂全部到齐的 OCS 第一天有什么看点?
在本周一的推文中我们大致介绍了下 Open Core 峰会及到场嘉宾,(≧▽≦) 当然还有 Nebula Graph 在会场的展位位置图,本文我们来看看 Open Core 峰会第一天有哪些值得一看的 ...
- Java每日一面(Part1:计算机网络)[19/10/14]
作者:故事我忘了¢个人微信公众号:程序猿的月光宝盒 1.1 说一说TCP的四次挥手 "挥手",即终止TCP连接,断开一个TCP连接池. 需要客户端和服务端总共发出四个包,以 ...