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There is definitely inside information on commodities, it's just rare that insider trading on commodities is prosecuted.

You would definitely have an advantage in trading oil/gas futures if you had access to ExxonMobil's seismic exploration reports, for example.

discuss

boulos|6 years ago

Indeed! I found Matt Levine's post last Fall [1], particularly useful, as he believed you couldn't be prosecuted for insider trading of commodities (only securities). Then he received a nastygram from the CFTC :).

[1] https://www.bloomberg.com/amp/opinion/articles/2018-10-24/it...

JackFr|6 years ago

Wow. But if Matt Levine can get it wrong too I don’t feel so bad.

But the insider trading you suggest above, is predicated on having material non public information of ExxonMobil’s.