Module · certificate and badge

Commodities, a Sophron® course

A way into commodity markets: pick one market, learn what moves its price and who is on the other side of the trade, build its balance sheet from public data, and turn it into a view that can be proved wrong.

Get access with the Sophron® Passport Students: €15 a year with AIC Premium Already in? Open the module portal

Included in the Sophron® Passport (€25 a year) and AIC Premium (€15 a year), with every other module. Not sold on its own. Take it at any time.

2Parts
12Lessons
10Tests
1Certificate

What you learn

From one price to a view

Two parts of written lessons with a short test each, and two exercises on a market of your own choosing.

  1. 01Reading a commodity

    • One commodity, one price
    • The five forces that move it, supply and demand first
    • Who trades, and why
    • Positioning: who is already in the trade
    • Exercise: screen a watchlist

  2. 02The balance sheet

    • Supply, use and ending stocks
    • Public sources and measures for each commodity
    • Market structure and the curve
    • A first forecast of the next weekly number
    • From the balance sheet to a view
    • Exercise: the scorecard and your commodity’s route
    • The final report and the pitch
Commodities, a Sophron course
Two parts, twelve written lessons with tests, and a final report to hand in.

The course

A Sophron® course

Written by the Sophron® team from how the Commodities desk works on the Analyst Program: one commodity per pair, a watchlist, a balance sheet and a final report.

On the Commodities desk of the Analyst Program it is the desk’s own course, taken meeting by meeting on the Journey; everyone else can take it on its own, in order.

The certificate

The Sophron® Certificate in Commodities

The Sophron® Certificate in Commodities, with the holder's name, date and credential ID The Commodities certificate badge
The certificate, with a public verification linkThe badge on your Sophron® profile

Finish the course and hand in your scorecard and final report, and the Sophron® team signs off your certificate, with a public verification link and a badge on your profile.

  1. Finish every lesson and pass its test.
  2. Hand in exercise CM2.6 as one PDF: the market structure scorecard for the top six of your watchlist from CM1.5, then for one of them the base, a recap with its call, and the final report with the three-month outlook, how you would hold it and the biggest risk.
  3. Request the certificate in the portal. The Sophron® team reads your work and signs it off, or tells you what to fix.

On the Commodities desk of the Analyst Program you hand in nothing extra: pass every lesson, have your pair’s final report signed off and meet the cycle’s attendance and pitch criteria, then request the certificate.

Get access

One membership, every module

The module comes with the Sophron® Passport and with AIC Premium, together with the Analyst Program and every other module.

The Sophron® Passport

€25 a year

The Analyst Program, the Quant Program once you are selected, five modules with their own certificate and badge (more to come), and the Options Course at the member price. Cancel any time.

See the Passport

AIC Premium

€15 a year

The same access for students, through the Amsterdam Investment Club.

AIC Premium

Already have access? Open Commodities in the portal.