J.P. Morgan Center for Commodities Research

The J.P. Morgan Center for Commodities & Energy Management produces academic and applied research for the broad commodity practitioner audience. Our Center sponsors an annual Research Symposium in partnership with our global Research Council and Industry expert partners.


New Directions In Commodities Research Symposium

Registration

Date: August 14-15, 2023

Location: CU Denver Business School, 1475 Lawrence Street, Denver, CO 80202

Cost: Early Bird: $300 (In-person) / $75 (Online)*

*Early bird registration closes June 30th. Prices will then go up to $350 In-person and $100 Online.

More Information & Register

The symposium's objective is to bring together global thought leaders and prominent commodities stakeholders from academia and industry to discuss their critical thinking and new research related to commodities. The focus of research is on the real-world relevance of commodities research with academic rigor.

Sessions are limited to outstanding research and comprise competitively selected and solicited papers, as well as industry research leaders’ presentations and industry panel discussions. In addition to traditional paper presentation sessions, we will have poster presentation sessions to showcase quality papers.

Our industry keynote will be Dr. Scott Nelson, the Georgia Athletic Association Professor of History at UGA and author of Oceans of Grain, which compares the 200-year conflict over westward expansion in the United States to conflicts over Russian expansion into the grain corridors of the Black Sea. He will present “Parallels from the Past in Ukraine: What Historic Grain Pathways Tell Us About Geopolitical Instability.”

2023 Symposium Presentations     2023 Symposium Agenda     2022 Symposium Agenda

Logistics

The 2023 symposium will take place at the CU Denver Business School, Jake Jabs Event Center August 14-15, 2023, from 8:30 a.m. - 5:00 p.m. In-person registration includes lunches, dinner, drinks, and networking. A tentative agenda for the symposium will be released in June 2023.

For professionals attending the symposium from out of state, discounted hotel rates are available through the University of Colorado. You can access the list of hotels and rates here: CU Preferred Hotel Program.

Sponsorships

Show your company’s support to the next generation of researchers by sponsoring the New Directions Symposium!  Multiple opportunities are available, including speaking opportunities.  Contact Tom Brady, Executive Director (tom.brady@ucdenver.edu), for more information and to discuss the next steps.

Sponsorship Opportunities


Academic & Applied Research

Research from J.P. Morgan Endowed Chair and Research Director, Dr. Jian Yang

Dr. Jian Yang is an internationally recognized scholar and one of the most prolific authors in finance over the past 50 years, based on core finance journal publications, and is one of 15 commodities-friendly professors in the world. He serves on the editorial boards of the Journal of Futures Markets as well as the Journal of Commodities Markets. Dr. Jian Yang also utilizes his academic research to provide applied research insights on practical problems through interviews with business media. Here is a showcase of his most recent research in commodities.  

Return and Volatility Transmission between Chinese and International Oil Futures Markets: A First Look,” Journal of Futures Markets, forthcoming, 2020.
The Impact of Crude Oil Inventory Announcements on Prices: Evidence from Derivatives Markets,” Journal of Futures Markets, January 2018.
Are There Exploitable Trends in Commodity Futures Prices?Journal of Banking and Finance, September 2016.

Academic Research

Price discovery in chinese agricultural futures markets: A comprehensive look Jian Yang, Zheng Li, Tao Wang. The Journal of Futures Markets. December 17, 2020

The First Commodity Futures Index of 1933 Geetesh Bhardwaj, K. Geert Rouwenhorst. December 14, 2019

The Commodity Futures Risk Premium: 1871–2018 Geetesh Bhardwaj, Rajkumar Janardanan, K. Geert Rouwenhorst. October 1, 2019

Who Holds Positions in Agricultural Futures Markets Michel A. Robe & John Spencer Roberts, August 25, 2019.

The Relative Inefficiency of Petroleum Fiscal Regimes in Latin America and the Caribbean Graham A. Davis, Ph.D, James L. Smith, Ph.D., June 24, 2019

The Econometrics of Oil Market VAR Models Lutz Kilian and Xiaoqing Zhou. March 4, 2020

Oil Prices, Exchange Rates and Interest Rates Lutz Kilian and Xiaoqing Zhou. March 1, 2020

Does Drawing Down the U.S. Strategic Petroleum Reserve Help Stabilize Oil Prices? Lutz Kilian and Xiaoqing Zhou. December 19, 2019

Facts and Fiction in Oil Market Modeling Lutz Kilian, October 6, 2019.

Measuring Global Economic Activity, James D. Hamilton, August 2019. 

Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks American Economic Review Christiane Baumeister and James D. Hamilton, May 2019.

​​Investment and Uncertainty With Time to Build: Evidence from Entry into U.S. Copper Mining Journal of Economic Dynamics and Control, Vadim Marmer and Margaret E. Slade, October 2018

Neither Dutch nor disease?—natural resource booms in theory and empirics Mineral Economics, Grant Mark Nülle, Graham A. Davis, May 3, 2018

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically Jeffrey A. Frankel, January 29, 2018

The Simple Economics of Commodity Price Speculation American Economic Journal Christopher R. Knittel and Robert S. Pindyck, 2016


Applied Research

Resources and Diplomacy: Commodity Signposts to a Post-War Economic Order, GCARD, Colin Waugh, Summer 2022

The Day Oil Markets Reacted to Omicron, GCARD, Blu Putnam & Arthur Yu, Summer 2022

GCARD Newsletter July 2021

Gold and Bitcoin - A Short Study of Two Carbon Impacts, GCARD, Gillis Bjork Danielsen, Winter 2021

The Smile of the Volatility Risk Premia, GCARD, Ilia Bouchouev, Winter 2021

Searching for Asymmetry: The Case of Crude Oil GCARD, Blu Putnam, Winter 2021

Tomorrow’s Titans 2021: Nick Vasserman, Integrated Portfolio Intelligence The Hedge Fund Journal Nick Vasserman, May 17, 2021

Dynamic Commodity Valuations GCARD, Nic Vasserman, Summer 2021

How Super is the Commodity Cycle? GCARD, Daniel Jerrett, Ph.D, Summer 2021

Commodity Markets Outlook: A World Bank Report October 2020

Practical Considerations for Commodity Investment Analysis GCARD, Tom Brady, Ph.D., Summer 2019

Geopolitical Oil Price Risk Index - GOPRX, Yosef Bonaparte, Ph.D.

Shaping and Hedging Renewable Power Purchase Agreements GCARD, Brock Mosovsky, Ph.D, Lance Titus​, Winter 2018

Commodity Risks: Describing the Unobservable GCARD, Bluford Putnam, Ph.D, Winter 2019

Emerging Challenges for Commodity Risk Managers from an Industrial Consumer's Standpoint GCARD, Sven Streitmayer, Spring 2017.

Liquidity Issues in the U.S. Natural Gas Market Part 1 & Part 2 GCARD, Gary Mahrenholz, Ph.D., Vincent Kaminski, Ph.D. (Part 1 only), Winter 2019[


Research Council Members

Our Research Council Members are an integral part of the J.P. Morgan Center for Commodities & Energy Management.  Our Research Council is made up of leading Academic professionals and industry practitioners from around the world and across the commodity sectors. These experts provide valuable input for future commodity research direction and focus for the J.P. Morgan Center and also assist in selecting prime research for our annual Research Symposium.

John Baffes, Ph.D., World Bank
Craig Pirrong, Ph.D., University Of Houston
Thomas Brady, Ph.D., Executive Director, J.P. Morgan Center for Commodities
Bluford Putnam, Ph.D., Cme Group
Colin Carter, Ph.D., University Of California, Davis
Forest Reinhardt, Ph.D., Harvard University
Graham Davis, Ph.D., Colorado School of Mines
Michel Robe, Ph.D., University Of Illinois at Urbana-Champaign
Jeffrey Frankel, Ph.D., Harvard University
Ehud Ronn, Ph.D., University Of Texas at Austin
Robert Greer, Scholar in Residence, J.P. Morgan Center for Commodities
K. Geert Rouwenhorst, Ph.D., Yale University
James Hamilton, Ph.D., University Of California, San Diego
Bryce Schneider, Xcel Energy
Scott Irwin, Ph.D., University Of Illinois at Urbana-Champaign

Margaret Slade, Ph.D., University Of British Columbia (Canada)
Vince Kaminski, Ph.D., Rice University
Sven Streitmayer, Robert Bosch Gmbh (Germany)
Lutz Kilian, Ph.D., Federal Reserve Bank of Dallas
Dan Kowalski, CoBank
Lance Titus, Uniper Global Commodities
Matthew Most, Ovintiv
Robert Vigfusson, Ph.D., Board of Governors of The Federal Reserve System
Nikos Nomikos, Ph.D., Bayes Business School, City, University of London (U.K.)
Robert Webb, Ph.D., University Of Virginia
Don Pearson, Ardent Mills
Brian Wright, Ph.D., University Of California, Berkeley
Robert Pindyck, Ph.D., Massachusetts Institute of Technology
Wei Xiong, Ph.D., Princeton University