The Trader 

Do you like your commodities hard or soft?

The Trader

The quickest way to lose all street cred is to opine on a topic you know nothing about, use incorrect vocabulary, or make spelling mistakes; I’m sure you could add to this list. The problem is especially acute when non-experts talk about commodities, so much so that traders at ADM, Bunge, Cargill, Glencore, Louis Dreyfus, Phibro and Vitol rarely speak to them. The sector uses precise and sometimes arcane terms, weights and measures, which quickly separate the wheat from the chaff. And why would they share specialist knowledge with all and sundry?; it’s not in the interest of the closed shop.

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