Fundamental Commodities Research jobs?

Based on the most helpful WSO content, here are some insights on fundamental commodities research jobs:

1. Agricultural Commodities Trading:

   • Data Sets Monitored:
     • US and worldwide weather for rainfall and temperature
     • Drought monitors
     • WASDE reports
     • Import and export numbers
   • Best Information Sources: Procurement and agronomy people who do their own touring and crop scouting.
   • Focus: More concerned about micro-level data for suppliers and customers rather than just macro data.

2. Physical Commodities Trading:

   • Roles to Understand:
     • Scheduling
     • Middle office
     • Commercial operations
     • Market analysis/research
   • Advice: Get into the industry and work hard; opportunities will find you.

3. Commodities Trading Experience:

   • Background:
     • Experience in energy commodity markets, S&T, alternative investments, strategic business development, corporate strategy leadership, and risk management.
     • Worked as a Commodities Analyst in Power & Natural Gas, and on a physical prop desk for NGLs, Crude & Gasoline.

4. Sectors for Meaningful Primary Research:

   • Industrials: Cyclical companies where understanding the cycle can create buying/selling opportunities.
   • Energy: Despite extensive primary research, external factors can significantly impact the thesis.

For those interested in investing in oil/metals, it is essential to understand the activities of various groups you will interact with and focus on both macro and micro-level data. While many roles may seem quantitative, there are significant opportunities in fundamental analysis, especially in sectors like industrials and energy.

Sources: Long term, concentrated, deep fundamental investing, Q&A: I'm an Agricultural Commodities Trader, Physical Trading: Best commodities to be in?, Q&A - Commodities Trading, Alternative Investments, Alt Data, Physical Commodities Trading 2022 Graduate Program Megathread