Strong Source

Kendra Rhodes, Director of Global Risk Management at General Mills, shares her extensive experience in commodities procurement and market analysis. She discusses the evolving landscape of risk management, highlighting a shift from complex derivatives to simplified hedging strategies. Kendra emphasizes the importance of data and agility in decision-making, providing insights on managing market volatility. She also offers valuable advice for newcomers in the industry, encouraging critical thinking and networking while promoting more female participation in commodities.

Fausto Filice, a veteran commodities trader with over 30 years at Cargill and Bunge, discusses the dynamic evolution of global grain markets. He delves into the transition from traditional deal-making to data-driven strategies, emphasizing the lasting importance of fundamentals. Fausto shares insights on effective leadership, the impact of technology on trading, and the critical role of teamwork. He also reflects on managing risk, navigating market volatility, and the personal qualities that contribute to trading success.

In this episode of the Strong Source Podcast, we are excited to welcome Rob Gosman, a seasoned commodity trader with over 30 years of experience in energy and oil trading. Having worked at industry giants like Cargill and BP, Rob has navigated some of the most volatile market conditions and played a crucial role in leading successful trading teams. Throughout this conversation, Rob shares his journey from agricultural trading to the energy sector, offering insights into risk management, market dynamics, and the evolution of commodity trading. He also provides a first-hand account of managing trading risk during the 2020 oil crash amid the COVID-19 pandemic and discusses the importance of learning from mistakes, adapting to market changes, and maintaining a trader’s mindset. Whether you’re an aspiring trader, a market enthusiast, or someone looking to understand the complexities of global commodity markets, this episode is packed with valuable lessons and compelling stories from one of the industry’s most experienced professionals.

Dwight Anderson, founder and CEO of Osprey Capital Management, shares his extensive expertise in commodity investing and hedge fund management. He discusses the unique nature of commodity trading, contrasting it with equities, and reflects on lessons learned from the 2008 financial crisis. Dwight emphasizes the importance of hiring for integrity and work ethic, and the balance of algorithmic strategies with fundamental analysis. He also delves into Osprey's focus on ag-technology and offers sage advice for newcomers to the commodities market.

In this conversation, Ed Turner, a seasoned commodity trader and entrepreneur, delves into his dynamic career in energy and oil markets. He shares insights on the psychological aspects of trading, comparing it to poker and emphasizing the importance of strategy and risk management. Ed discusses the stark differences between large banking firms and smaller trading environments, detailing his transition to more strategic trading. He also highlights the vital role of mental fitness and routines while managing losses, offering valuable lessons for aspiring traders.

In this episode of the StrongSource Commodity Podcast, we are thrilled to welcome Kristine Hochbaum, a seasoned commodity trader with an impressive 19-year career at Cargill. Kristine has held several key leadership roles, including her most recent position as Global Trading & Risk Management Director for the oils and fats business. During her time at Cargill, Kristine significantly expanded the trading discipline across global markets, promoted inclusive leadership, and even increased female representation in her trading teams from 22% to 38%. Throughout her career, Kristine has been known for her dynamic leadership, keen risk management strategies, and ability to balance both people management and high-stakes commodity trading.

Willem Uijen, Chief Procurement Officer at Unilever, brings over 25 years of experience in global supply chain and procurement. He dives into the challenges of managing a $40B procurement spend, discussing sustainability and the impact of price volatility on brands. Willem emphasizes the importance of balancing supply security with price stability, shares insights on cocoa market dynamics, and highlights Unilever's commitment to sustainable practices. He also reflects on attracting talent in procurement and the need for greater transparency in supply chains.

Javier Blas, a seasoned energy and commodities journalist at Bloomberg, shares his captivating journey into commodity journalism. He discusses the inspiration behind his book, *The World for Sale*, and the crucial role of commodity traders in the global economy. Javier explains his preference for reporting over trading, emphasizing the importance of transparency and understanding market signals. He also advocates for Africa's industrialization and energy access while reflecting on the dynamics of writing opinionated reportage. Get ready for an insightful dive into the world of commodities!

Join us in this episode of the StrongSource commodity podcast as we welcome Marc Perathoner, Director of Commodity Risk Management at FrieslandCampina. Marc shares his fascinating career journey from Goldman Sachs to the Chicago Board of Trade, where he gained extensive experience in commodity trading and price risk management. The discussion explores his expertise in financial instruments and market dynamics, as well as his success in creating and implementing commodity price risk management units within multinational companies. Don't miss his insights on managing risk in the dairy industry and how his investment banking background has shaped his approach.

This week, we welcome Edwin van Stipdonk, the Chief Commercial Officer of Interfood Group, one of the world's leading dairy trading companies. In this episode, Edwin shares his journey from a junior trader to a key business leader in a family-owned company. He provides an in-depth look at the functioning of the dairy market, exploring its complexities and opportunities.