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Table of Contents : 1 Physical and Financial Agricultural Markets 2 Agricultural Commodity Spot Markets 3 Futures Exchanges – Future and Forward Prices – Theory of Storage – The Forward Curve 4 Plain Vanilla Options on Commodity Spot and Forward Prices. The Bachelier–Black–Scholes Formula, the Merton Formula, the Black Formula 5 Commodity Swaps, Swaptions, Accumulator…