In this episode, Alfonso Peccatiello, Founder & CIO of Palinuro Capital and creator of The Macro Compass, breaks down how the global dollar system truly works. He explains why commodities priced in USD force countries to recycle dollars into U.S. Treasuries, how government deficits and private-sector leverage create money, and why the U.S. dollar remains dominant despite recurring predictions of its decline. A clear, accessible deep dive into macro forces shaping markets today.

In this episode, we sit down with Gert-Jan van den Akker, former EVP of Cargill. We dive into his 30+ year career in commodities, from his first role as a trainee to reshaping global freight trading and leading at the top of Cargill. An honest, inside look at strategy, leadership, and navigating volatile markets.

In this episode of the Strong Source podcast, we welcome Alex Sanfeliu, President of the World Trading Group at Cargill, where he oversees one of the largest agricultural trading operations in the world. With over 30 years at Cargill, Alex has led global teams through major market shifts, crises, and transformations in how commodities are traded.

We discuss:

• The traits that define great traders
• A high-stakes moment involving 31 Panamax vessels
• How Cargill is integrating AI and quant strategies
• The evolving role of leadership on global trading floors
• What the next generation of traders needs to succeed

Tune in for a masterclass on resilience, decision-making, and how tech is changing the future of commodities.

In this episode, we welcome Denis Zaica, Chief Trading Officer at FincoEnergies and former Commercial Director of Biodiesel at Cargill. Denis shares his remarkable journey from Moldova to leading global commodity trading operations, beginning with cocoa trading at Cargill and now spearheading biofuel strategies at Finco. We discuss his transition from agriculture to energy, the role of trading in the energy transition, and how biofuels are influenced by global market dynamics—including current geopolitical tensions.

In this episode of the Strong Source podcast, we welcome Martijn Noordhoek, a veteran in the global sugar trade with experience at Cargill, Sucden, Glencore, and now Viterra. Martijn shares how he stumbled into the world of commodities via a freight role and soon found his calling in sugar trading.

He reflects on the steep learning curve for young professionals, the nuances between raw and white sugar, the role of ethanol and Brazilian crop cycles, the effects of geopolitics and logistics on trade flows, the rise of Ozempic and its impact on demand, and the cultural contrasts across major trading houses.

In this episode of The Strong Source, we welcome Richard Allen, President of Fonterra Global Ingredients — the world’s largest dairy exporter — for an open conversation about the future of dairy, volatility in commodity markets, and the complexity of global supply chains.

From his 18-year journey across continents with Fonterra to the bold decision to divest the company’s consumer division, Richard shares powerful insights on the evolution of the dairy industry, risk management, and what it takes to lead in uncertain times.

In this episode we’re joined by Daan Struyven, Co-Head of Commodities Research at Goldman Sachs, for insights on gold, oil, AI-driven power demand, and how shifting geopolitics are shaping the global commodity landscape. Daan breaks down what’s driving markets—and where the signals matter most. *This episode was recorded on March 11, 2025.

Our guest star in this episode is Corinna Olearo, Head of Commodity Research and Price Risk Management at Nestlé. With over 17 years of experience in the commodity sector, she brings a sharp analytical mind and deep market insight to one of the world’s largest food companies. Starting her career as a sugar analyst, she now oversees a broad range of commodities, from cocoa and coffee to dairy and energy. In this episode, she shares her journey, the challenges of managing price risk at scale, and why curiosity, adaptability, and clear communication are essential in the ever-volatile world of commodities.

In this episode of Strong Source – The Commodity Podcast, we sit down with Kendra Rhodes, Director of Global Risk Management, Market Insights, and Communications at General Mills, to explore how FMCG companies navigate extreme market volatility. Kendra shares insights on balancing procurement strategy with risk management, the shift from complex derivatives to simpler hedging approaches, and the critical role of data and agility in decision-making.

In this episode of the Strong Source Podcast, we are excited to welcome Fausto Filice, a seasoned veteran in commodity trading with over three decades at Cargill and Bunge. Fausto has witnessed the transformation of global grain markets, from traditional deal-making to today’s data-driven landscape.

Throughout this conversation, Fausto shares insights on the evolution of commodity trading, the role of leadership and teamwork, and why fundamentals remain crucial despite technological advances. He also offers a candid look at managing risk, navigating volatility, and sustaining a successful career in trading.