Understanding Commodity Futures Pricing: The Cost of Carry Model

A rigorous but practical look at how commodity futures actually get priced, built for experienced retail investors, HNIs, and angel investors who already trade or hold commodities and want the mechanics underneath the price. Covers the cost-of-carry formula step by step: interest, storage, insurance, and convenience yield, then uses it to explain contango, backwardation, and the shape of the MCX futures curve. Applies the model across gold, silver, crude oil, and agri commodities with real MCX data, and closes with how cash-and-carry arbitrage and calendar spreads actually use the mispricing the model reveals.