JPMorgan Commodity Center Symposium: A White Paper on the Seven Stages of Commodity Market Evolution

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JPMorgan Commodity Center Symposium: A White Paper on the Seven Stages of Commodity Market Evolution

By Julie Lerner

“The Seven Stages of Commodity Market Evolution”

Ms. Julie Lerner, Chief Executive Officer, PanXchange, participated in the commodity industry panel during the JPMCC’s 3rd Annual International Commodities Symposium, which was held at the University of Colorado Denver Business School in August 2019.

Introduction

2019 will be remembered as a watershed year for physical commodities. The 120 million-ton U.S. proppant market felt the sting of oversupply, the nascent hemp industry opened up following its 2018 legalization and, in an unprecedented move, the “Big Six” agribusinesses formed a partnership to digitize the highly manual international grain trade. Despite these various commodity sectors cycling at different rates, there remains a common thread to the evolution of these – and all – physical markets.