Dear Readers,

My name is Simon Jacques.

I strive to share thought-provoking market views that are accurate from trusted sources.

All the information complies with all laws, copyrights and regulations and the professional ethic expected from an Economic Advisor. I use this platform to share a view or a concern that I have about a situation.


There are big gaps on the media side where discussion of arbitrages (different product prices on different continents, various crack spreads, credit and similar) is linked to discussion of shipping.

They are also traders dancing on losses, deceiving, manipulating the market.

They can do it only by using the various gaps (on derivatives, physical commodity trading, accounting…) in the public domain.



For anyone willing to succeed in the Commodity Trading as a business, a thorough knowledge and understanding of the supply chain, costs, risks and the special characteristics of the trading and exchanges are essential.




Few Economists are at the vanguard for showing to the shipping industry stakeholders how the commodity markets work and at the same time explaining the commodity traders how shipping and risk determine the value of their commodities.

I did the risk school, I master the art of commodity merchandising and transportation.

I have top of the line integrity. 

If you are an executive trust that I can help.

Navigating the Commodity Markets with Freight and Spreads is designed for professionals in the international commodity trade, shipping, risk and finance.


An intellectual cocktail which will help readers and their organization’s timing and self-understanding of the markets for value creation.



Readers fall into three categories:

The first category contains those readers with solid grounding in quantitative disciplines but lacking the ” market sense ” or “market skills” to translate their quantitative skills into the real world  commercially-wise.

The second category are starters at a less advanced stage. In the economics sense, they are free riding on Navigating The Commodity Markets with Freight and Spreads seeking quick short-cuts to fill the gaps.

There is a substantial barrier to progress in our markets, which is the refusal by many to acknowledge just how quantitative the market risk really is.

The third category contains those who have been working in the industry at some levels, during which time they will have gained an excellent knowledge in a narrow field (such IB, Derivatives, Brokerage, Operations or maybe they lend to commodity traders) essential functions but often indirectly related to trading.

They will not progress to commodity trading, except at a very superficial level, unless they comprehend more the risky nature of the commodity trading discussed here.




It is ideal for readers with solid backgrounds in these or other quantitative disciplines, but the level should also be accessible to intelligent, adaptable and motivated readers.

We ain’t Gurus here. I greatly welcome your observations, ideas, Q&As allowing you and me to benefit from a variety of perspectives.

Shalom !




Commodity Merchant Trading and Shipping Advisory




© 2017

Navigating the commodities markets with Freight and Spreads


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All information contained herein is obtained by Navigating the Commodity Markets with Freight and Spreads from sources believed by it to be accurate and reliable. Because of the possibility of human error as well as other factors, however, all information contained herein is provided without warranty of any kind. Under no circumstances shall Navigating the Commodity Markets with Freight and Spreads have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of Navigating the Commodity Markets with Freight and Spreads in connection with the procurement, collection, compilation, analysis or publication of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits). The information contained herein is not a statement of recommendation to purchase, sell or hold any securities. 


6 thoughts on “Warning

  1. I need to discuss with you in the future about grain pricing and voyage costs.

    Ziad, Administrator, Responsable Achat et Logistique
    Les Grandes Semouleries du Maroc
    سميد كبيرة من المغرب
    Cite Oukacha, Rue Chefchouen- Ain Sebba- BP 2649- Casablanca Maroc


  2. Very informative blog and indeed agree very few people out there who knows both sides of the coin thoroughly i.e shipping and commodities

    Sadiq H.
    ED&F Man Sugar (Singapore freight desk)


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