The world will need to produce as much food in the next forty years as it did in the past 8,000 years. Moving that food to where it is needed will require a massive investment in logistics, in port and transport infrastructure, as well as in distribution, processing and packaging networks within countries. Governments will not make those investments. Instead the task will fall on the world’s commodity trading (merchandising) companies.

When most people think of agricultural commodity merchants, they imagine dubious characters manipulating markets and pushing up food prices. Few people understand what agricultural traders actually do, and how their markets function. This book is intended to at least partly correct that.

Commodity Conversations is available on Amazon


AgriCensus Report

Soaring freight rates force Brazil soybean sellers to lower offers Declining supply of iron ore from Australia and rampant Chinese steel production has seen demand for freight from Brazil to China rise again over the past week, market sources said Tuesday, a dynamic that is forcing soybean sellers to offer more aggressively in the marketplace. …

Challenging times

Part Two of a Conversation with Howard Jay O’Neil “Let’s talk a little about ASF, African Swine Fever,” I suggested. “Isn’t that a bigger problem for US farmers than the trade wars? “It is a major problem. In 2017, China imported 95 million tonnes of soybeans and we were expecting Chinese demand to exceed 100 million …