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Useless Energy Ranking
So we keep on hearing about "who's the best" and the usual d**k measuring competition between energy traders. Here is one of these useless rankings; this one is from Energy Risk. Let the WSO troll rage begin. (Gosh its so much fun to add fuel to the fire ;-] )
Super-major Supply & Trading - What to Expect?
Hey guys, I just accepted a summer offer for an internship role in the supply & trading organization of a super-major oil company here in Houston. The firm is known to take on prop positions as well as other more traditional positions that you would expect of a super-major trading operation. I was...
4 Yr Work Exp + MBA enough to transition to IB with focus on metal commodities?
Hi All, My story: spent 4 years in Asia as a physical metals commodities trader after undergrad from a top west coast schools. But I wanted to come back to the States and get into an IB . I couldn't land a job, so in the main time I took a corporate finance job in a non-related industry (which was...
Sugar Trading Manual
Hi All. I was wondering if anyone has read the Sugar Trading Manual by Jonathan Kingsman? I was looking online to try and find it and it is difficult to download and selling for around $1200. Very interested in trading Sugar and thought this would be a good start for researching this commodity....
Supermajor Physicals Compensation?
Hey guys, I recently accepted an offer for SA position on the trading floor of a top supermajor O&G firm (Chevron/Shell/BP) in their physical power & gas group. I was wondering what bonuses are like in these groups. I have a buddy who's doing 1st yr analyst in commodities at a BB and their bonuses...
Physical commodities trading house - natural gas analyst role - is this a good opportunity?
Did numerical / logical tests, phone interview, simple Excel exercise and an interview in CH.
To old school traders: Dealing with a change in trading structure.
Does anybody have an example of a product (physical or financial) that changed its structure of trading periods from a fixed time trading window to a continuous trading model? (ie: moving from a daily or hourly trading structure to a continuous one like global FX) The reason I am asking this is that...
the career tradeoff for a PM - commodity merchant vs hedge fund - depth vs bredth.
Hi, This is a little specific, so sorry in advance. But it probably can be applied generically to a lot of us. I am a reasonably talented and mid-level/rising (~5yrs of successful experience at good places) trader/investor that focuses on the commodities and macro space confronted with two options....
Louis Winthorpe III Explains the OJ Trade
What a find! While I was on vacation last month, none other than Louis Winthorpe III appeared on Bloomberg to explain how he and Billy Ray Valentine took down the vile Randolph and Mortimer Duke. Listen guys, it is not inconceivable to me that some of you younger monkeys may not have seen Trading...
Trading Natural Gas: Fletcher Sturm
Hey Everybody. Just started my summer internship in S &T today and I hope everyone in the same situation is doing well. I was wondering if anybody had a copy of Sturm's Trading Natural Gas floating around, or any similar book that you think would be helpful? Let me know if you do, thanks a ton.
Sales and Trading by Categories: Fixed Income, Commodities, Currencies, and Equities
I understand that there might be a need to develop a specialty when it comes to being an analyst/associate with S&T . I just had a few questions as I am in college right now and would like to get a more relevant handle on the topic. In terms of the four categories: Which field has the greatest...
BAML Commodities Trading or ForEx Origination/Trading?
What is their reputation? I know Comm desk based in NYC can be very small but my interest lies in Energy. I do love ForEx and the desk has an alum who is senior so maybe I can get closer mentorship? Besides, what are some strong equity desks at BAML to get in? Derivs is no doubt prestigious but how...
How many commodities guys on here?
Just curious as I just joined the forum how many people on here are involved in commodities and if so what they do. I'm specifically in energies but would like to kind of get a raise of hands for all commodities guys/girls here.
Robert Yildirim interview
Thought this interview was very good, gives you some insight into the grey area between physical commodity trading and merchant banking / industrial investment; where most of the heavyweights in the commodity world now operate. I kind of wanted to post it in the I-banking forum,just for this quip:...
Copper Concentrate
Hello! I am looking for the best procedure to buy copper concentrate, ship it to a smelter and let him treat the ore and refine the copper in form of A grade copper cathodes, pay the process and sell the copper cathodes to large buyers. I am talking about SPOT deals but can´t find any information...
Question about commodity S&T position at bulge bracket bank
I was hoping someone could provide some direction on what these terms mean? These are different functions of the S&T program at one of the banks I am applying to. These positions are typical at most banks such as GS , JPM , etc. If someone has some in depth knowledge of how these functions play a...
From Financial Services Consulting to Commodities
Hello all, I am currently a financial services consultant right out of my MSc but have been trying to get into commodities for a while. It seems hard to get in directly after school if you have not graduated from a target one but now that I have some experience in consulting, how can I leverage it...
Transition from PE to physical commodities
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Physical Commodities Trainee Traders
Hello WSO , Does anyone have any information regarding structured trainee trader programs at physical commodities trading shops? I know that you are often expected to spend time in ops/scheduling/risk/deals desk etc. in general at the entry-level. For a structured program though, could anyone...
Corn Hits Record High
Corn hit a record high yesterday amid a worsening drought affecting 90% of the nation's crop . I have to admit I haven't really been paying attention, because I haven't traded corn since 1999. Of course I'd seen the news about prices, but I never paid attention to the actual price per bushel. When...
Hi all - Commodities analyst/trader
I'm a commodities analyst/trader currently on the producer side (ABCD). I trade grains and dairy products. Finance undergrad from a non-target. Considering grad school, but not sure if the timing is right. I have worked for a bank at a grain desk as a trading assistant. I also took the plunge and...
Commodities: Where is your Money?
Imagine a scenario wherein you have $1 million to invest in any one commodity with a 5-year horizon. Where do you put your money? Where do you see the largest upside potential? The commodity can be physical (you plan on redeeming gold for physical bullion, for example) or financial, ranging from WTI...
Gold Bubble Bursting?
For those following the commodity markets right now, do you think that we're seeing a temporary dip in gold price following the Fed announcement last week? Or are we seeing a bubble bursting completely?
Physical Traders Interview
I got a call on wednesday (4/3) from a major U.S. based physical commodities trader. Today I heard from them again and they booked me for a last-minute flight out to interview with their grains desks in the midwest on Monday. I am curious to see what types of prep work you fellow monkeys think I...
Delta's Alternative Oil Hedge: Fortune or Folly?
On April 30th, Delta Airlines announced that it would be acquiring an oil refining complex in Pennsylvania for $100mm as a sort of alternative hedge on jet fuel costs. The facility needs to be retooled to focus more on Jet Fuel, but Delta CEO Richard Anderson believes that the investment could save...
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Consumers of Potash
I need to figure out what types of fertilizer and soap contain potash. Any advice on how I should go about doing this? Thanks.
The day in the life of a physical commodities trader?
I've been trying to find an article showing a day in the life of a physical commodities trader. Can someone help?
Working at the CME
Hey everyone, Can anyone shed some light on the market surveillance analyst program at the CME group. Eventually I want to be in the commodities space, and it seems like I could learn a lot there. Any thoughts?
How to Capitalize On Low Natural Gas
With the AECO spot price under $2, and the Henry Hub price at the mid $2 range, many investors are running away from gas stocks all together. Investors are also trying to play “hero” as they try to time the bottom of prices and so far have gotten burned. The low gas prices have created a great...
From Minerals Operations to Commodities S&T. Doable?
I've heard from quite a few, some on here, that getting into commodities S&T is often about networking and quite doable from extraction managers/mining types. Any credence to this claim? Post MBA , perhaps? Seems pretty logical, because a lot of S&T is knowing thy product, and extraction...
Breaking into commodities trading from Eastern Europe
Hi everyone! Has anyone ever seen a russian guy in commodities trading in London, Geneva, NY , Houston, etc.? I will be graduating in June 2013, and by the time I graduate I will have a 6 months of internship in commodities S&T desk in a major local bank behind my back. But the industry here is so...
The Shipping-Trading Nexus
This question is a little out of left field but I've been reading some economic history and I couldn't but feel like the old-school merchants had the coolest job ever in the sense that they both bought and sold commodities as well as owned the actual ships they moved the goods with, thereby...
Commodities Trading - Global Earnings
Hi,
Dan Gertler Bloomberg article
One of the best articles I read in a long time, fascinating stuff. I heavily recommend it for anyone interested in physical commodity trading, as this is really where fortunes are built. We have no idea how many guys like him (not to the same extent obviously) are making insane money in remote parts...
List of all commodities?
Not sure if this in the right section. Does anyone know where I can get a comprehensive list of all tradable commodities? Any listing usually has all the most popular ones, but I notice I always notice one or two that are included in one listing but not others. I just want to be sure I have them all...
Is the gold rush over?
Dennis Gartman was on CNBC earlier today laying out his case against gold and aside from him saying that the bull market is dead, I can’t help but agree. Price action for the precious metal has been very erratic lately, bullish news followed by short rallies are telling me that the big guys are...
Gas prices: 'Libor-like' manipulation
FSA EXAMINES GAS PRICE FIXING UK regulators are investigating an alleged attempt to manipulate prices in the wholesale gas market similar to the LIBOR interest rate fixing scandal in the banking sector earlier this year, The Guardian reports . The Financial Services Authority (FSA) and Ofgem are...
Power/Gas Scheduling Analyst
Currently in my final year of College and have strong internships in front office trading roles, but I'm wondering what's the best way to get into a power or gas firm as a scheduler. A lot of these positions require experience, but are there scheduling roles available for those straight out of...
Commodities Trading - Tons of post that S&T is downsizing
I've been seeing a ton of posts here about this, because it seems that now that BB S&T is downsizing everybody is looking for the next best thing. I am addressing this because I think it needs to be said, and it seems to be what most of these threads come down to. This is definitely geared towards...
Good Books/Websites for Commodity Trading?
Hey everyone I am sophomore and I want to learn more about trading commodities and commodities itself. Could you guys refer me to some great books and (preferably) websites to get started on commodity trading at a beginner's level? Thanks
Prop Trading at Cargill Financial/Risk Mgmt?
Can anybody hear speak to the employment prospects (including compensation/ growth opportunities/ etc) working for Cargill's Financial/Risk Mgmt business? I was under the impression they were just the company's prop trading arm for softs, but they appear to be a bit bigger and more diverse.
Weekend Wars: Green vs. Good
Prior to the start of the global financial crisis, you may recall, all the talk was of green energy. Al Gore's propaganda flicks and handouts of Nobel Prizes as if they were food stamps to anyone who preached the Global Warming gospel were running amok. Many a humanities major was dulling the senses...
Mo' Mar and the Future of Oil
With the news of Muammar Gadhafi's death reverberating throughout the globe, financial markets and oil speculators everywhere are contemplating how the event will effect production and prices. The simple logic would lead us to believe that production will increase to pre-revolution levels and with a...
Quit Breeding!!!
mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from October 2011. If there's an old post from Eddie you'd like to see up again shoot me a message. At a time when the last thing the world needs is more mouths to feed, our lamentable species is set to cross the 7...
Commodities: not so hot in the long run?
Getting into the commodity game for the long run seems to have a lot of proponents here on WSO . I know I'm one, our friendly neighborhood Dutch Calvinist Mr. Illiniprogrammer seems to be one as well, and if Midas Mulligan Magoo has his way, he'd make you drop those pitchbooks and hand each one of...
Go Agro
The more things change, the more they stay the same. I have said it over and over again. Greater minds have trumpeted the same logic for centuries. We evolved from feudalism and agricultural economics to the industrial revolution and eventually capital markets. The lords of the manor and their...
Be Careful With Commodities
PIMCO is one of the most trusted names in investing. Let's face it, the majority of the public (hell, most people working on Wall Street) lacks the sophistication to invest on their own. Funds of all shapes and sizes, as well as, bonds make up the brunt of the average investor's market related...
Stainless steel prices
Hey there, Could anyone give me a hand by sharing 3-4 years of world stainless steel prices? Tried google and everything my caffeinated mind could think of, and fellow monkeys are my last hope :( Cheers
Where can Commodities Research lead me?
Got offered a commodities research role at GS . In the end, I would like to trade commodities, not do research. Does this put me in a good place to do this? How about moving to a physical house like trafigura, or a hedge fund -- would this be possible? Essentially, what are my exit opps?
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