Tim Hutchison 1: Commodity trading industry and career

In this video, I chat with Tim Hutchison about his 35-year career in commodities trading. We discuss:

(0:00) The beginning of his career and changes in the commodities industry
(3:40) Physical commodity markets vs. financial and speculative trading
(10:08) The forward price curve
(12:45) Geographical considerations in commodities trading
(16:20) High frequency trading in the late 80s using a Chicago weatherman
(18:05) Cultural considerations in trading internationally
(21:23) Discussions about risk, including recent oil market activity, Sydney Airports financial problems, and market failure in financial markets
(29:30) Advice for those interested in commodity trading and college graduates generally.

Up next: The Covid-19 impacts and the recent negative dip in crude oil futures.