Commodity finance in 2026: Bigger deals, fewer players

Multilateralism 2.0

Multilateralism is no longer confined to governments, closed door negotiations, and legacy institutions. In this conversation, we explore how a new era of global cooperation is taking shape through what many are calling “Multilateralism 2.0” — a more connected, decentralised, and network driven approach to solving cross border challenges. From trade and finance to digital infrastructure and geopolitical coordination, the discussion looks at how institutions, businesses, and communities are adapting to a rapidly changing global order. As global trade becomes increasingly fragmented and interconnected at the same time, the need for practical collaboration has never been greater. This episode examines the role of technology, emerging markets, financial innovation, and public private partnerships in shaping the future of international cooperation. Expect thoughtful insights, honest perspectives, and meaningful discussion from leaders working at the centre of trade, treasury, payments, and global policy. Brought to you by Trade Treasury Payments, the independent platform delivering the conversations that matter across transaction banking and global commerce.

Commodity finance in 2026: Bigger deals, fewer players

Commodity finance is changing fast. In 2026, deal sizes are rising, the lender pool is shrinking, and market segmentation is becoming more pronounced. In this conversation, industry experts break down what’s driving the shift — from billion‑dollar structures and tighter onboarding to traders increasingly financing each other as banks pull back. We explore how access to capital is reshaping global commodity flows, why fewer players now dominate the market, and what this means for liquidity, counterparty risk and working‑capital resilience. The discussion also looks at how Basel IV, risk appetite, and recent stress events are influencing the availability and structure of financing across the commodity supply chain.

Closing the FX risk gap for SMEs and mid-market companies

Many small and mid sized businesses are trading internationally more than ever, but their approach to foreign exchange risk has not kept pace. This episode looks at the growing gap between global exposure and the tools available to manage it. We explore why currency volatility can quietly erode margins and cash flow, and why many businesses still rely on basic or reactive strategies. The conversation also touches on the practical challenges SMEs face, from limited in house expertise to a lack of joined up financial systems. With insight into how more accessible technology and smarter treasury approaches are changing the landscape, this episode offers a grounded look at how businesses can take greater control of their FX risk and support more stable growth.

Celebrating 100 years of credit insurance and surety

At Trade Treasury Payments Studios, Eleanor Hill, Treasury Editor at Trade Treasury Payments (TTP), spoke with Richard Wulff, Executive Director of the International Credit Insurance and Surety Association (ICISA), to reflect on a century of trade credit insurance and surety, and what lies ahead for the industry.

Inside the shadow fleet and the new era of maritime enforcement

In this episode of Trade Treasury Payments, host Carter Hoffman speaks with Michelle Bockmann, Senior Maritime Intelligence Analyst at Windward, about the growing role of shadow fleets in global shipping. Their conversation explores how sanctioned oil from countries such as Russia, Iran and Venezuela moves through maritime trade using tactics designed to conceal its origin and destination. Michelle explains how practices such as false flagging, ship to ship transfers and the manipulation or shutdown of vessel tracking systems allow these ships to operate outside the traditional rules based framework of international shipping. The discussion also looks at how maritime intelligence, satellite data and AI driven analysis are helping analysts identify suspicious behaviour at sea. Along the way, they consider the wider geopolitical forces shaping trade routes, the risks these ageing vessels pose to maritime safety and the environment, and the often overlooked human impact on the seafarers working on board.