Commodity finance forms the hidden plumbing of global supply chains, funding oil tankers stuck in the Strait of Hormuz and moving goods worldwide. Tracy Alloway and Joe Weisenthal explore this critical but often overlooked aspect of commodity markets that underpins production, transportation, and storage.

Bloomberg Markets interviews Lewis Hart, head of corporate advisory at Brown Brothers Harriman, about the mechanics of commodity finance. They discuss risk pricing, warehouse quality, and the business of funding commodity movement across international markets.

The conversation reveals fundamental differences between financing commodities with established futures markets like oil versus those without, such as cashews. This distinction affects risk management, pricing mechanisms, and capital approaches for different commodities in the global trade ecosystem.