We've curated a range of great commodity papers covering: super-cycles, value and momentum, seasonal effects, alternative beta in commodities, inflation hedging properties, explosive booms and busts. You can't claim to really understand the complexities of commodity investing until you've understood many of these features of the asset class.
This paper from NEBR provides a holistic description of the character of inflation-adjusted commodity prices over time, including secular trends, medium-term commodity cycles, and short-term periods of boom and bust.
This paper analyzes secular commodity cycles and provides insight into the current cycle by analyzing the long-run relationship between commodity prices cycles and global output fluctuations.
In this paper, the authors explore risk-based and factor-based alternative beta indices for commodities