Commodity trader questions
Hi guys, I've been looking for it in the forum but couldn't find precise information. I was wondering what a commodity trader does at for example Trafigura or the equivalent? what's a typical day? Do physical commo trader and paper commo trader are mutually exclusive or it is one same person? It seems to me that this is more like sales trading (market making) than anything prop trading?
nat gas trader webinar on sunday
Check Blender's comment towards the bottom of this thread: https://www.wallstreetoasis.com/forums/the-day-in-the-life-of-a-physica…
As with many things, the answer to most of your questions is, "it depends." Looking at oil/gas, trading for an independent refiner is likely going to be different than at somewhere like Trafi, and both will be different than trading/hedging fuel for an airline. All three would have titles along the lines of "trader" but have different goals and will take different positions.
Thanks!!!!
commodity trading discussion!!! (Originally Posted: 03/31/2012)
I want to start a discussion on commodity trading at different type of companies. i will focus on hedgefund/prop-shop/bank/major(bp, shell)/commodity trading firm(vitol/glencore). please comment
Hedgefund: Pro: prop-trading, potential for $$$$$. Con: most hedgefund don't specialize in energy and strategy may be to risky and too quantitative.
prop-shop: pro: can't think of any. con: alot of them a scams and very few focus on commodity
bank: pro: more stable than hf and great training. con: anti prop trading regulations. most are in houston, which may be a con if you want to go to NY.
oil major (bp/shell/conoco): pro: huge physical desk and most stabiliy. con: training is long and the pay(bonus) sucks. I really don't know much about this one. would like to know more....
commodity trading firm(glencore/vitol): pro: they are awesome. both physical and prop trading and great $$$$$$$. con: very very hard to get in.
I'm currently still in college but will start my career in commodity trading. i cant give too much info about myself though..and sorry for bad grammer.
I will trade you my Blastoise (Holographic) for your Charizard.
It's pretty obvious you are still in college thanks for coming out.
lol you have absolutely no idea what you're talking about. Literally 0. Pretty much everything you have said here is wrong outside of perhaps the fact that there is marginally more stability at a bank vs prop shop/HF, which itself isn't a pro or con since it is just a trade-off for upside in comp.
I'll assume you're a troll though and just stop there.
Le wild Derp spotted a troll
lmao this can't be real
Jerome, you literally win every thread you post in. I love it.
Commodity Trader (Originally Posted: 03/30/2009)
Curious if Physical Commodity Traders would be compatible with an Investment Bank Commodity Trading Desk.....primarily Agriculture.
not sure i understand your question...but most banks have physical trading operations..so, yes.
yes and no
no and yes
well said theaxe
lol! basically would a trader on the wheat desk @ Cargill get a job on the commodity desk at say, J Aron or Barclays Bank? Recruiters have told me yes......and no.
what is the difference between financial and physical trading? is it simply trading derivatives versus trading the actual product?
do some searching on here
Ask Eddie Murphy and Dan Aykroyd.
Probably not.. the big players in ags are still mainly the merchants and food producers. In this case, why would you want to trade at a bank anyway?
^^exactly..
I have seen this move (Cargill to BB ags desk) several times. Not unusual at all.
thanks
Commodity Trader, Official Thread (Originally Posted: 08/21/2010)
Hey it would be nice if people in this industry share their knowledge about the life as a commodity trader, salaries or any other info that would be worth sharing
There was a good discussion on this before: http://tinyurl.com/2bbwnz5
[quote=Jerome Marrow]There was a good discussion on this before: http://tinyurl.com/2bbwnz5[/quote]
http://tiny.cc/9ugqj
samy90 my boy... join my group and you can post there..
the offical thread was like 4 years ago
Commodity Trading (Canned Seafood/Fruit) (Originally Posted: 09/03/2011)
Hey all, just looking for some friendly advice. I do not know if my Google skills are out to lunch, but have not been able to find much information on specifically commodity trading seafood/fruit. I have an interview coming up for this position and am wanting to educate myself the best I can before hand. Can anyone lead me in the right direction or provide me with some information? This may not be my "ideal" job, but it would get my foot in the door heading in the right direction. Thanks kindly for anyone who has some information to share.
Fruit futures trading= 350,000 results with Google.
http://www.ultimatecitrus.com/fcoj.html
hahaha.
Interesting, how do they fit D M into a can?
They don't, there's just too much D M to handle. Now, how do they fit D M's dick in a box, that's another question...
I assume you'll be working at a physical trading shop and unless you have prior knowledge of cash markets and/or fruit distribution, it'll be difficult to show case any industry knowledge. However 99.5% of learning your product will be on the job training and NO physical trading shop will expect fresh hires to have a clue or even begin trade company capital.
I'd focus on "why you want to work here and be a fruit/seafood trader" and have a general idea of how future contracts and hedging works.
Google "perishables trading" Wish u luck...
Commodity Trading (Originally Posted: 12/22/2011)
Commodity is used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market. A commodity has full or partial fungibility; that is, the market treats it as equivalent or nearly so no matter who produces it. Gold and Silver are examples of such commodity.
Ohhhhhhhhh ok. Thanks for sharing
So that's what commodity trading is? You clearly are the commodity expert.
MCX GOLD February contract was trading at Rs 27646.00 down Rs 4, or 0.01%. It touched an intraday high of Rs 27654.00 and an intraday low of Rs 27605.00
MCX GOLDGUINEA January contract was trading at Rs 21878.00 up Rs 39.00, or 0.17%. It touched an intraday high of Rs 21893.00 and an intraday low of Rs 21803.00.
MCX GOLDGUINEA March contract was trading at Rs 22249.00 up Rs 39.00, or 0.17%. It touched an intraday high of Rs 22299.00 and an intraday low of Rs 22210.00.
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