@sdelsad/commodity-desk-daily 1.0.1

package/README.md

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+# Commodity Desk Daily
+Daily 10-minute podcast on physical commodity trading (grains, oilseeds, softs, freight, basis).
+Podcast RSS feed: https://cdn.jsdelivr.net/npm/@sdelsad/commodity-desk-daily@latest/feed.xml

package/ep01.md

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+# Commodity Desk Daily — Ep. 1 (Mon, Aug 10, 2026)
+## What a Commodity Merchant Actually Does
+
+### Key takeaways
+- A merchant is paid for **transformation — space, time, form** — not for predicting prices.
+- **Physical vs paper**: real cargoes vs futures/options. Paper is the hedge, not the bet.
+- Flat price risk is hedged away within minutes; what remains is **basis** — the true subject of physical trading.
+- Thin margins × huge volumes: ~$11/ton on a 65,000 t Panamax ≈ $700k gross margin, direction-neutral.
+- **ABCD** = ADM, Bunge, Cargill, (Louis) Dreyfus. Also: COFCO, Olam, Viterra, Glencore Ag.
+- LDC: founded 1851, nine business lines — Grains & Oilseeds, Coffee, Cotton, Sugar, Rice, Juice, Freight, Food & Feed Solutions, Global Markets (FX + trade finance).
+- Asset-light vs asset-heavy: each asset unlocks a dimension (storage→time, terminal→space, crush plant→form).
+
+### Vocabulary of the day
+| Term | Meaning |
+|---|---|
+| Flat price | Outright price on the screen |
+| Basis | Physical price expressed vs futures ("+80", "−20") |
+| Book | Sum of all positions, physical + paper |
+| Origination | The buying side (farmers, elevators) |
+| Execution | Moving the cargo: vessels, docs, inspections |
+| The screen | The futures market |
+| Laycan | Agreed window for vessel loading |
+
+### Market pulse (going into Aug 10)
+Corn ~$4.64 (Dec), soybeans ~$11.79 (Nov), SRW wheat ~$6.35 (Sep). Grains heavy on good US Midwest weather; beans eyeing a 2nd weekly loss; wheat supported by Black Sea disruptions but capped by weak US exports. Watch: Chinese soybean flash sales, and **WASDE Wednesday Aug 12**.
+
+---
+
+## Quiz — Day 1 (J-0 only; from tomorrow you'll also get J-1 and J-3 questions)
+
+**Q1.** An LDC trader buys 60,000 t of Brazilian soybeans FOB Santos at "futures minus 20" and immediately sells the equivalent CBOT futures. A junior says: "Great, the position is now riskless." Name **three risks that remain** and, for each, one way the desk manages it.
+
+**Q2.** LDC is offered an export terminal in a chronically congested port. Using the **space / time / form** framework: which dimension(s) does this asset unlock, and why might owning it be *most* valuable precisely in years when pure trading margins are thin?
+
+**Q3.** Every analyst on the street agrees wheat will rally 20% over the next six months. Explain why a merchant like LDC would **not** necessarily earn more than usual from that rally — and name one type of market participant who would. Then: is there any way the *physical* desk could still profit from the situation without taking flat-price risk?
+
+*Réponds directement dans cette conversation — je corrige avec feedback détaillé.*

package/feed.xml

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+<?xml version="1.0" encoding="UTF-8"?>
+<rss version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:atom="http://www.w3.org/2005/Atom">
+  <channel>
+    <title>Commodity Desk Daily</title>
+    <link>https://www.npmjs.com/package/@sdelsad/commodity-desk-daily</link>
+    <description>A daily 10-minute briefing on physical commodity trading — grains, oilseeds, softs, freight, basis, and the craft of the merchant. Built for the trading floor. New episode every weekday.</description>
+    <language>en-us</language>
+    <itunes:author>Commodity Desk Daily</itunes:author>
+    <itunes:explicit>false</itunes:explicit>
+    <itunes:category text="Business"/>
+    <itunes:image href="https://cdn.jsdelivr.net/npm/@sdelsad/commodity-desk-daily@1.0.1/cover.jpg"/>
+    <image>
+      <url>https://cdn.jsdelivr.net/npm/@sdelsad/commodity-desk-daily@1.0.1/cover.jpg</url>
+      <title>Commodity Desk Daily</title>
+      <link>https://www.npmjs.com/package/@sdelsad/commodity-desk-daily</link>
+    </image>
+    <item>
+      <title>Ep 1 — What a Commodity Merchant Actually Does</title>
+      <description>Space, time, form: how merchants really make money. Physical vs paper, the ABCD landscape, asset-light vs asset-heavy, and a stylized Panamax trade worth $700k of direction-neutral margin. Plus the market pulse going into WASDE week.</description>
+      <enclosure url="https://cdn.jsdelivr.net/npm/@sdelsad/commodity-desk-daily@1.0.1/ep01.mp3" length="6200685" type="audio/mpeg"/>
+      <guid>https://cdn.jsdelivr.net/npm/@sdelsad/commodity-desk-daily@1.0.1/ep01.mp3</guid>
+      <pubDate>Mon, 10 Aug 2026 05:00:00 GMT</pubDate>
+      <itunes:duration>516</itunes:duration>
+    </item>
+  </channel>
+</rss>

package/package.json

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+{
+  "name": "@sdelsad/commodity-desk-daily",
+  "version": "1.0.1",
+  "description": "Commodity Desk Daily - daily 10-minute podcast on physical commodity trading. Episode 1: What a Commodity Merchant Actually Does.",
+  "license": "CC-BY-4.0",
+  "keywords": ["podcast", "commodities", "education"]
+}