Page: Cargill ported commodity traders to arbitrage Treasuries and FX
Marcia Page · Marcia Page – Corn Capitalist with a Velvet Hammer at Värde and MPowered (EP.355) · Dec 11, 2023 · at 10:32
Marcia Page (Co-Founder of Värde Partners) describes how Cargill created an innovative internal trading and quasi-treasury desk in the 1980s.
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“They basically were taking some of their best merchants of grain. Think of wheat and bean and corn traders who had phenomenal global experience in Arbitraging cash and futures and options and understanding how to trade on the world stage, and they ported them over to this desk that was going to start, in effect, bringing those arbitrage skills to the financial markets, particularly in the treasury bond markets and the foreign exchange markets.”
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