Commodity Management Blog

Innovative Ideas and Thought Leadership for Volatile Commodity Marketplace

Every year, ION Commodities participates in the Energy Risk Software Survey and Rankings. The survey ranks ETRM and CTRM solutions to recognize companies that have exceeded client expectations in various categories.

 

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Last year alone, ION Commodities won first place in over 20 categories thanks to industry analysts, consultants,…

Triple Point’s Algosys metal accounting team have been busy in South American recently. Donald Leroux was invited to speak at two prestigious mineral processing conferences: Procemin in Santiago, Chile and ENTMME in Goiânia, Brazil.

Both presentations focused on the need for accurate in-process inventory estimation methods in mineral and metal processing plants. As these inventories can represent a significant amount of money, they need to be estimated as accurately as possible.  Algosys metallurgical accounting solution enables organisations to reconcile differences in measurement results, ensuring any changes to in-process inventories are both transparent and auditable.

Managing…

One month ago, U.S. oil traders weren’t paying much attention to the healthcare debate in Washington. They were more concerned about refinery operations in the Gulf, growing tension with Syria, and hundreds of other factors that would likely affect oil prices. After all, what were the odds that the U.S. government would actually shut down?

On October 1, everyone found out. Non-essential employees were sent home, projects were put on hold indefinitely, and non-mandatory spending was cut off. Suddenly the world’s largest oil consumer needed a lot less oil. Market participants who hadn’t accounted for the possibility of a shutdown,…

I’ll take it as read that you’re all fans of the Prussian military analyst Carl von Clausewitz.  Who doesn’t have a copy of his 1837 work, Vom Kriege, on their nightstand?

For those unfamiliar, he coined the term “fog of war”.  In his book, he writes “War is an area of uncertainty; three quarters of the things on which all action in War is based are lying in a fog of uncertainty to a greater or lesser extent.”

(Stay with me.)

By fog of war, von Clausewitz is talking about military commanders’ incomplete or inaccurate intelligence about the enemy’s numbers,…

The Federal Energy Regulatory Commission (FERC) made headlines after it issued a record fine of $453M against Barclays PLC and several of its power traders. FERC stated that the bank manipulated energy prices in California and other western markets between November 2006 and December 2008. The agency is also working towards a similar settlement with J.P. Morgan Chase.

When I read the news, the dollar amount of the fine wasn’t what resonated. The fact that it was issued for manipulation that began over 7 years ago did. FERC doesn’t have to abide by a statute of limitations, and other agencies…

Recently, Supply Chain Digest’s (SCD) Editor-in-Chief, Dan Gilmore, shared insights from a joint SCD-Gartner study focused on identifying the top priorities of supply chain professionals.  In its sixth year, this study, led by Gartner analysts Dwight Klappich and Chad Eschinger, showed a shift in priorities over the last few years.  As the economy ever-so-slowly recovers, it’s becoming apparent that companies are striving to return to “pre-recession volumes and activity without adding back all the supply chain head count and costs”—a trend arguably supported by recent employment numbers.

While the last few years have predictably seen cost-cutting measures holding the…

Second only to oil, coffee is widely considered to be the most valuable legally traded commodity in the world, with an estimated 2.25 billion cups of coffee consumed worldwide every day. However, consistently high demand does not mean that coffee farmers, traders, buyers, and sellers are rolling in the beans. In fact, coffee has a history of significant price volatility that has greatly affected the ability of market participants to turn a profit.

According to Fairtrade International, this volatility spurred the creation of the first International Coffee Agreement in 1962, which was designed to stabilize the market by introducing quotas…

Ahh, the nicer weather is upon us and summer is finally here.  No better time to ice up the beverages and slap some burgers, hot dogs, chicken, and other select meats and vegetables on the grill.

Now that you have this great visual, take a moment to stop and think what it really costs to get an average barbeque together before it hits the grill.

Rapidly rising and volatile commodity prices are causing fluctuations in the cost of the raw materials, packaging, and energy that food and beverage companies must purchase in order to provide the ice cold beer,…

A sustained boom in natural gas recovery has shifted conversations in the United States from speculation about shortages and price hikes to decisions on how much should be exported. Studies continue to locate proven reserves and natural gas companies are vying for permission to build facilities to create liquefied natural gas (LNG) and export it to non-U.S. customers. Of the 20 federal permit applications that have been submitted to the Energy Department, only two (Cheniere Energy Inc., and Freeport LNG Expansion L.P.) have received approval. However, recent actions and statements made by the Obama administration suggest that more will be…

Triple Point received the prestigious “ETRM Software House of the Year” from Energy Risk magazine this week at an awards dinner held this past week at the Energy Risk USA conference in Houston. Triple Point was selected as the winner because of its revenue, profit, and customer growth in 2012 along with its unique ability to deliver innovative, next generation commodity trading and risk management (CTRM) solutions including mobile applications.

In 2012 Triple Point grew its revenue by 30% and its profit by 40%, and added 28 new energy companies to its base of 400+ customers including…

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