Published: July 30, 2024 - The Commodity Trader monitors the oil market, analyzing trends in prices and stock levels, and trades energy swaps and futures, both OTC and exchange-traded. Responsibilities include reconciling paper and physical transactions, exploring new hedging instruments, and structuring physical trade transactions. In addition to managing relationships with commodity brokers and platforms, the role involves commodity trading in coal, and purchasing and selling cheese and butter for industrial processors.


An Introduction to Professional Skills and Functions for Commodity Trader with a Cover Letter
1. Details for Commodity Trader Cover Letter
- Form and execute strategies for positioning, buying, and selling of grain.
- Communicate market price changes and information to internal and external customers, marketers, and grain product line members.
- Maintain existing customer base and identify, develop, and build new opportunities.
- Provide exceptional customer service by being the first point of contact with the marketer and in some cases utilizing divisional marketing resources to assist customers.
- Perform market analysis on and interpret global trade flows and commodity supply/demand.
- Monitor and interpret the macro-trends of financial markets and the global economy that can impact the respective commodity prices in the short, medium, and long term.
- Work closely with Global Grain’s personnel (i.e., Commodity Traders, accounting, freight and hedge desk) in exchange for information.
- Direct the commercial activity of CHS marketers at destinations.
- Resolve issues and disputes with accounting, transportation, shippers, and buyers/end users.
- Reconcile P&L daily and be involved with month end market valuations.
Skills: Strategic Market Positioning, Customer Communication, Relationship Development, Exceptional Customer Service, Market Analysis, Macroeconomic Trend Monitoring, Cross-Departmental Collaboration, Conflict Resolution
2. Roles for Commodity Trader Cover Letter
- Work with the logistics team to manage lumber distribution through growing the transportation network and negotiating freight
- Communicate and collaborate with Southern Mississippi Traders to resolve challenges in the distribution of forest products
- Network with Southern Mississippi Traders to learn about the company’s business model
- Monitoring and analyzing market trends within the forest product trading industry
- Start to prospect and build up book of business
- Assist in development of the annual business plan, budget, and forecast.
- Make decisions and work independently as well as positively contributing to a team environment.
- Perform market analysis and formulation of corresponding commodity position strategy.
- Maintain and promote a strong safety culture and follow all safety policies, procedures, and regulations.
- Identify and communicate workplace hazards and correct or seek assistance in correcting unsafe actions or conditions.
Skills: Logistics Management, Stakeholder Collaboration, Market Trend Analysis, Business Development, Strategic Planning, Independent Decision-Making, Safety Compliance, Risk Identification and Management
3. Responsibilities for Junior Commodity Trader Cover Letter
- Maintain and manage key customer and supplier relationships
- Identify and monitor market and product developments
- Participate in regular discussions regarding business strategy for key areas of the business portfolio
- Assist Senior Traders and participate in weekly Trader meetings
- Help draft purchase and sales contracts (knowledge of INCO terms, payment terms)
- Optimize purchase and sales conditions and clauses
- Liaise with the Logistics Coordinator in the business for efficient implementation of sales and purchase contracts
- Visit customers and suppliers often and participate in international trade fairs
- Assess the value of financial and commercial risks and act accordingly
- Identify and track market and product developments in the assigned areas and periodically report this to the Management
- Trade soft commodity products and enter into the related financial obligations, in accordance with the management policy
Skills: Relationship Management, Market Monitoring, Business Strategy Development, Contract Negotiation, Logistics Coordination, Risk Assessment, Event Participation, Commodity Trading
4. Functions for Commodity Trader Cover Letter
- Responsible for selling and buying lumber, plywood, and OSB in relation to the daily market, while gaining an understanding of replacement costs and timelines.
- Entering orders efficiently and accurately into the order system
- Answers inquiries by clarifying desired information, researching, locating, and providing information.
- Sell additional products by recognizing opportunities to up-sell or sell complementary products for lumber, OSB, or panels.
- Relay vital information to operations team members.
- Develop and manage customer relationships primarily through telephone and email correspondence.
- Follow-up quotes using the CRM.
- Conduct research to identify new markets and opportunities for greater profits.
- Driving innovation on the client’s solutions and further developing the business where necessary and appropriate.
- Proactively propose improvement plans and ways to deepen the collaboration between the company and partners.
Skills: Market Analysis, Order Processing, Information Management, Upselling Techniques, Communication, Relationship Management, CRM Proficiency, Strategic Planning
5. Job Description for Commodity Trader Cover Letter
- Monitoring of the oil market (price and stock trends)
- Trading energy swap and futures contracts (OTC and exchange traded)
- Reconciliation of paper and physical transactions, reporting to the stakeholders
- Exploring new hedging instruments and strategies
- Participating in the structuring of the physical trade transactions
- Assisting and advising company management on all hedging and commodity trading related issues
- Exploring new commodity brokers and platforms
- Commodity trading of Coal
- Building relationship with clients and maintain sales pipelines
- Devising and implementing new sales strategies
- Analysing the price data and market segment for the product
- Purchase and sales of cheese and butter for industrial processors
Skills: Market Analysis, Energy Trading, Transaction Reconciliation, Hedging Strategy Development, Trade Structuring, Broker Platform Evaluation, Client Relationship Management, Sales Strategy Implementation
6. Accountabilities for Commodity Trader Cover Letter
- Oversee purchasing / Procuring grain commodities and FMCG products from existing and new suppliers.
- Sourcing of new various products/commodities as required by the Company.
- Assisting the company with any other suppliers and duties related to procurement
- Stay abreast of all developments influencing local, regional (SADC) and international market trends impacting the division
- Negotiate, conclude and execute transactions adhering to trade mandate
- Take accountability for the effective execution of the entire transaction chain in division
- Complete new vendor application & credit applications
- Load new approved suppliers on Sage
- Manage and continuously update the Vendor Tracker
- Ensure that BE documents are valid, follow up on outstanding documents based on the BE report, and assist with the BE audit
- Monitor contract compliance
- Ensure measures of suppliers are in place (KPIs established for each contract)
- Manage existing client relationships
Skills: Commodity Procurement, Supplier Sourcing, Market Trend Analysis, Contract Negotiation, Transaction Management, Vendor Onboarding, Compliance Monitoring, Relationship Management
What Are the Qualifications and Requirements for Commodity Trader in a Cover Letter?
1. Knowledge and Abilities for Commodity Trader Cover Letter
- Be able to read and understand a daily position report (long & short)
- Working knowledge of futures exchange rules
- Proficient in Microsoft Word, Excel, Teams
- Be able to work extended hours and team player
- Experience managing a P&L and commodity Trading experience
- Disciplined process mindset and proven process orientation
- A strong customer-focused approach
- Strong business acumen and entrepreneurial
- Ability to think and work on concepts or projects
- Commodities trading or trade execution/support experience
- Sufficient language proficiency in French and English
Qualifications: BA in Supply Chain Management with 2 years of Experience
2. Experience and Requirements for Commodity Trader Cover Letter
- Purchasing experience in the Forest Products industry.
- Proven negotiation skills and fluent in English and French
- Excellent communication skills, both written and verbal.
- Ability to work in a team environment.
- Self-starter with a demonstrated capacity to work independently.
- Knowledge of softwood lumber and panel products including mill connections.
- Ability to analyze and make recommendations from economic reports, commodity reports and information received from various industry sources, including those generated internally.
- Highly motivated and able to problem solve.
- Excellent computer skills, including Microsoft Word and Excel.
- Ability to work varied hours as required to fulfill the responsibilities of the position.
Qualifications: BA in Agricultural Economics with 3 years of Experience
3. Skills, Knowledge, and Experience for Commodity Trader Cover Letter
- Grain Procurement or Merchandising experience
- Be able to read and understand a daily position report (long & short)
- Working knowledge of NGFA contracts and futures exchange rules
- Experience working with international teams
- Experience managing a P&L and previous global experience
- Spanish, Portuguese, or Mandarin speaking skills
- Accurate, teamplayer, flexible, willing to travel, independent
- Focus on outbound calls to customers with the ability to offer immediate quotes or provide quotes in a timely manner.
- Analytical expertise in understanding complex issues and market trends.
- Well-versed in Commodity Markets and Price Risk Management.
Qualifications: BA in International Business with 5 years of Experience
4. Requirements and Experience for Commodity Trader Cover Letter
- High integrity, honesty, and ethical standards.
- Excellent interpersonal and communication skills.
- Proficiency in English both spoken and written.
- Comfortable to work in a very high pace and high-pressure working environment.
- Commercial experience, either in business development, trading, or sales role.
- Good knowledge of or the desire to learn niche commodity markets with a particular focus on physical trading and arbitrage opportunities.
- Strong problem solver with the ability to respond flexibly
- Ability to operate in a fast-paced dynamic commodity market environment, where there are often time constraints and time-sensitive deadlines
- Strong commercial drive and proactive attitude
- Ability to effectively communicate orally and in writing.
Qualifications: BA in Business Administration with 4 years of Experience
5. Education and Experience for Commodity Trader Cover Letter
- Strong logical thinking, language, and writing abilities, excellent communication and teamwork skills
- Practical, diligent, strong self-driven
- Able to use English and Mandarin as working language
- Experience in agriculture commodity export
- Must have a set network of genuine and proven buyers / importers
- Must have good knowledge of the product and export market
- Self-driven and motivated but, ready to work in team
- Must have confidence in committed sales
- Eager to learn, grow, and work hard
- Ability to multitask, prioritize and organize a number of concurrent projects under tight time pressure.
Qualifications: BA in Finance with 2 years of Experience
6. Professional Background for Commodity Trader Cover Letter
- Progressive experience in sales & marketing, or similar commercial roles in the commodities sector
- Prior experience in managing both domestic and international business, and able to view business from an international and unbiased lens
- Demonstrated experience in high-value contract negotiations including value trade-off experience
- Knowledgeable in physical/derivative trading of iron ore products
- Ownership and self-starter, ability to navigate and thrive in a pioneering setup within a large mining and metals organization
- Demonstrated experience in project management, and working through a networked organisation in achieving results.
- Good communication and interpersonal skills (verbal & written) In English and Mandarin and Korean
- Experience working with & pricing commodity products
- Have a quantitative background
- Solid understanding of the commodity market
- an effective communicator, both verbally and written
Qualifications: BA in Economics with 3 years of Experience