Your position is a number. How old is yours?
Ask a trading desk what its position is, and you often get a number that was true on Monday morning. We recompute it from the book, on every trade.
Read articleNotes from the desk.
How physical commodity trading actually runs, and what we build for it: positions, contracts, shipments, stock, invoices and EUDR.
Stock is not a total. It is lots.
Every desk knows its total. Few can say, without a phone call, which bay in which shed holds the lot that covers next week's sale.
Every invoice arrives already checked.
An invoice takes five seconds to approve. Checking it properly takes longer, so on most desks it does not happen.
The regulation is not the hard part. The evidence is.
Most of the conversation is about the due diligence statement. The hard part sits underneath it: proving, plot by plot, that the beans did not come from cleared land.
Commodities, in plain words
- CocoaTwo exchanges, two currencies, a quality test after shipping and a new European law. Cocoa in plain words, and how Apollo keeps it in one book.Read in 3 minutes →
- CoffeeArabica in cents per pound, robusta in dollars per tonne, and prices that are not fixed yet. Coffee in plain words, and how Apollo keeps it in one book.Read in 3 minutes →
- CashewNo futures market, a quality hidden inside the shell, and most of the crop shipped raw to Asia. Cashew in plain words, and how Apollo keeps it in one book.Read in 3 minutes →
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You asked five carriers. You got five formats.
You send the same enquiry to five carriers. You get five different shapes back. Then you compare them in your head.
A message. An email. The trade is confirmed.
Every trade starts as a conversation. Then someone opens a blank contract and types the whole thing in again. We are building the part in between.
Your instruction is already on that ship.
Shipping instructions are one of those things nobody talks about and everybody redoes. Someone retyped this one by hand before it reached the ship.
We were in Singapore. Here is what we took away.
Two days at the Cocoa Association of Asia conference, 871 delegates, under a theme that turned out to be the right one: building an agile cocoa future.
From North Kivu to a chocolate factory.
A container of cocoa leaves North Kivu. Roughly 12 documents, 4 counterparties and 200 emails have to line up before it reaches Europe. Miss one and you eat a claim.
Apollo Negoce is the first agentic CTRM.
One system for the entire physical trading desk, from the contract all the way to the vessel, with AI agents handling the busywork.
See it on your own trades.
A 30-minute live demo, tailored to your commodities and operations.
Book a demo