Book recommendation request (Commodities )

I have read many, and am hesitant to list any, as commodities is one of the hardest markets to make a profit at. Even the pros go bust all the time. And to make a point, only 1% of traders (roughly) can make profits at this, and that's the guys that are spending literally millions every year to front-run the markets and get first hand info on what is on the ground and over-seas... including satellite data.

But if you press... get James Cordier's book on options. His commodities-trading hedge fund doesn't exist anymore... I'll let that sink in.
 
Vtechno said:
OP - Market Wizards has some sections on commodity traders. Carley Garner has some intro books. Jim Rogers Hot Commodities is another recommendation.
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Amen.
barcharts.com has some good candlecharts.
Boy plunger Livermore bought some Anaconda Copper stock\but copper was/ i found out today/ about $00.10 per pound in 1930's....................................................................
At that time Anaconda Copper was largest copper mine in the world+ started as a silver mine.
Colt makes a nice Anaconda stainless steel .357 or 44 magnum:caution::caution:
 
joanar said:
Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?
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Commodities are a hard area to be an expert in. That's because they are different in their natural characteristics, their application and usage. May be you should narrow down your search to a specific commodity and dive deeper into the subject then. Other than that, from what I've read and traded through - commodities in general are a trading vehicle that trends hard in a direction - once a trend is established it continues longer than other assets and with less corrective activity. May be that stems from the real supply and demand forces behind them - if there is a need of lumber, real-life situations, forces and tendencies have made it such and it is probably there to stay for a while. That also means less speculation. Again all this is "in general".
 
Stratter said:
Commodities are a hard area to be an expert in. That's because they are different in their natural characteristics, their application and usage. May be you should narrow down your search to a specific commodity and dive deeper into the subject then. Other than that, from what I've read and traded through - commodities in general are a trading vehicle that trends hard in a direction - once a trend is established it continues longer than other assets and with less corrective activity. May be that stems from the real supply and demand forces behind them - if there is a need of lumber, real-life situations, forces and tendencies have made it such and it is probably there to stay for a while. That also means less speculation. Again all this is "in general".
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THAT;
+JOHN Henry trend follower grew up on a farm. Most likely he always remembered corn,grain or apple harvest in SEPT.
I dont trade corn, but I was looking on some Successful Farming magazine long tern corn charts; about the 5-7th time i checked them out-- I realized the magazine got the 50 day moving average mixed up with shorter moving average. Easy to make a mistake:caution::caution:
That old grain trader ALWAYS scales out for his sells......
 
TrAndy2022 said:
I heard longterm trendfollowing commodities still work.? What can you expect 20% p.a. or Sharpe ~1 ?
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WE KNOw DOW + SP 500+cash copper, corn+ silver is up from the 1930's ;cash copper $00.10 per pound . That may not help the funds /but that's life.
 
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