Thanks for the insight. Is it possible for anyone without physical trading exp to end up doing
paper trading in commodities firms?

I'd be surprised if there is quite a fair amt of speculative outright trading besides the hedging, basis arbitrage, spread trades etc. (Other than the biggest firms) I think this is under the media/public's radar..

I suspect the big money makers mentioned in this salary forum are referring to the physical traders, who can bring in the deals due to well established relationships.

Just speaking from a purely layman's point of view. Experienced ppl/insiders pls kindly contribute. Thanks!