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Commodities Now - News and Forum #CommoditiesNow Contents


4 Commodities & The Great Rotation Commodities Now


9 Commodity Exchanges Volume expansion led by China


13 Merchandiser News and reports from around the commodity markets


25 Gold Rush Over Headwinds to gold prices


28 Political Risk & Commodity Markets Commodities as functions of geopolitics


33 Challenges For Futures Market Participants Anti-speculation cycle, RO-RO environment, position limits


38 Metal Accounting Risks Is your business safe?


Commodities Now is published four times a year: (March, June, September & December) by Isherwood Production Ltd


(ISSN 1365-6953) (USPS 016131)


Subscription records are maintained by: Isherwood Production 19 Henning Street London SW11 3DR


United Kingdom


Daily news, reports and research: www.commodities-now.com


42 What Price Selling Goods As Is? Terminology of buying and selling goods


44 Physical Portfolio Optimisation Improving margins in a tight market


51 Pre-Trade Risk Analytics Implied risk views, trade risk profiles & best hedge reports


56 Drilling Down to Secure Yield Oil is volatile, but how risky is it?


63 EU Gas Pricing What lies ahead after oil indexation?


66 Global Mining Investment Fraser Institute: Survey of mining companies


70 Partly Cloudy: ETRM migration gets underway


Commodities Now does not represent


an offer or recommendation to buy or sell or a solicitation to buy or sell any of the products mentioned herein and is not a


substitute for direct professional advice on a specific transaction.


[see full disclaimer on page 80]


74 Forward Progress For Food Supply Chains Financial and operational risks


77 LNG Portfolio Valuation The whole does not equal the sum of the parts


80 Advertisers Index & Production Notes


Commodities Now (ISSN: 1365-6953, USPS No: 016-131) is published (4 times a year: Mar, Jun, Sept, Dec), by Isherwood Production Ltd. and distributed in the US by SP/Asendia, 17b S Middlesex Ave, Monroe NJ 08831. Periodicals postage paid at New Brunswick, NJ. POSTMASTER: send address changes to Commodities Now, 17b S Middlesex Ave, Monroe NJ 08831


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