CTRM for Ags & Softs
Contents Introduction and Scope of Research....................................................................................................................................... 5
Definitions and Scope............................................................................................................................................................. 6 Commodity Trading and Risk Management........................................................................................................................ 7 Commodity Management................................................................................................................................................... 8 Solutions Matrix.................................................................................................................................................................... 10 CTRM Market Growth and Outlook in Ags & softs............................................................................................................... 10 CTRM Versus CM................................................................................................................................................................... 11 It Is All About the Commodity............................................................................................................................................... 11 Summary............................................................................................................................................................................... 13 Appendix 1- Derivatives and Exchange Traded Products.................................................................................................... 14 Appendix 2- Commodities and Unique Supply Chains- Introduction.................................................................................. 18 Complex Agricultural Commodities...................................................................................................................................... 19 Cotton................................................................................................................................................................................... 19 Overview............................................................................................................................................................................ 19 Cotton Trading................................................................................................................................................................... 19 The Cotton Supply Chain................................................................................................................................................... 20 Cotton Quality Attributes per the USDA........................................................................................................................... 21
Cocoa..................................................................................................................................................................................... 26 Overview............................................................................................................................................................................ 27 Cocoa Production.............................................................................................................................................................. 27 Cocoa Trading.................................................................................................................................................................... 28
Sugar..................................................................................................................................................................................... 30 Overview............................................................................................................................................................................ 31 Sugar Production............................................................................................................................................................... 32 Sugar Trading..................................................................................................................................................................... 33
Coffee.................................................................................................................................................................................... 35 Overview............................................................................................................................................................................ 35 Coffee Production............................................................................................................................................................. 35 Coffee Trading................................................................................................................................................................... 36
Palm Oil................................................................................................................................................................................. 39
Overview
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