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633. The Most Powerful People You’ve Never Heard Of

Freakonomics Radio

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Behind the Scenes of Commodity Trading

This chapter delves into the crucial role of traders and firms like Glencore and Trafigura in the global commodities market, highlighting their secretive yet impactful presence in both the economy and geopolitics. It features personal accounts from journalists who transitioned into oil reporting, sharing their insights on the complexities of physical commodity trading and the interplay between tangible resources and political events. The chapter also examines the intricate processes within the coffee supply chain, showcasing how traders facilitate the journey from raw beans to finished products, emphasizing their importance in the agricultural commodities sector.

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