Tools commonly used in the Commodity Price Analysts industry for day-to-day tasks and operations.

• Bloomberg Terminal
• Reuters Eikon
• CME Direct
• ICE Trading Platform
• Excel
• Python
• R
• MATLAB
• Tableau
• Power BI
• SAS
• Stata
• EViews
• SPSS
• Crystal Reports
• SQL
• Hadoop
• Apache Spark
• AWS

Common products and services typical of NAICS Code 523160-01, illustrating the main business activities and contributions to the market.

• Crude Oil Prices
• Natural Gas Futures
• Gold Bullion Prices
• Corn Futures
• Soybean Prices
• Copper Prices
• Aluminum Futures
• Wheat Prices
• Coffee Futures
• Sugar Prices
• Platinum Prices
• Palladium Futures
• Silver Bullion Prices
• Zinc Prices
• Lead Futures
• Nickel Prices
• Iron Ore Futures
• Lumber Prices
• Cocoa Futures
• Cotton Futures

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Chartered Financial Analyst (CFA): A professional certification offered by the CFA Institute that measures and certifies the competence and integrity of financial analysts. It is a globally recognized certification that is highly valued in the finance industry. [CFA Institute]
• Certified Commodity Analyst (CCA): A certification offered by the National Introducing Brokers Association (NIBA) that demonstrates a high level of knowledge and expertise in the commodity markets. It covers topics such as market analysis, trading strategies, and risk management. [National Introducing Brokers Association]
• Series 3 License: A license required by the National Futures Association (NFA) for individuals who want to trade futures contracts. It covers topics such as market analysis, trading strategies, and risk management. [National Futures Association]
• Chartered Market Technician (CMT): A professional certification offered by the Market Technicians Association (MTA) that measures and certifies the competence and integrity of technical analysts. It covers topics such as charting, technical indicators, and market analysis. [Market Technicians Association]
• Certified Financial Risk Manager (FRM): A professional certification offered by the Global Association of Risk Professionals (GARP) that measures and certifies the competence and integrity of financial risk managers. It covers topics such as risk assessment, risk management, and financial instruments. [Global Association of Risk Professionals]

A concise historical narrative of NAICS Code 523160-01 covering global milestones and recent developments within the United States.

• The Commodity Price Analysts industry has a long history dating back to the early 1900s when the Chicago Board of Trade was established. The industry has since grown and evolved with the development of new technologies and the globalization of markets. In the 1970s, the industry saw a significant shift with the introduction of electronic trading platforms, which allowed for faster and more efficient trading. In recent years, the industry has been impacted by the rise of big data and artificial intelligence, which have enabled analysts to make more accurate predictions and better understand market trends. In the United States, the industry has seen significant growth in the past decade, with an increasing demand for commodity price analysis in industries such as agriculture, energy, and finance.

The anticipated future trajectory of the NAICS 523160-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for Commodity Price Analysts in the USA is positive. The industry is expected to grow due to the increasing demand for commodity price analysis in various sectors such as agriculture, energy, and mining. The growing need for accurate and timely information on commodity prices, supply, and demand is driving the demand for commodity price analysts. Additionally, the increasing use of technology and data analytics is expected to enhance the efficiency and accuracy of commodity price analysis. The industry is also expected to benefit from the growing trend of sustainable and ethical sourcing of commodities, which requires detailed analysis of supply chains and commodity prices. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Commodity Price Analysts industry, reflecting notable innovations that have reshaped its landscape.

• The use of artificial intelligence and machine learning algorithms to analyze commodity prices and predict market trends.
• The development of blockchain-based platforms for commodity trading and price analysis, which provide greater transparency and security.
• The increasing use of satellite imagery and remote sensing technologies to monitor crop yields and predict commodity prices.
• The development of mobile apps and online platforms that provide real-time commodity price information and analysis.
• The growing trend of sustainable and ethical sourcing of commodities, which requires detailed analysis of supply chains and commodity prices.