As markets move from the classic B2B structure to competitive commodities that are openly traded, many commodity players experience a significant impact on their businesses. Pricing transparency and the resulting product availability lead to increased business competition in both the placement and procurement of goods. Trade margins are under pressure and eroding, and arbitrage opportunities are beginning to deteriorate, but not to disappear. These phenomena can be observed in all commodity markets: energy, oil, coal, metals, and mining and agriculture. By actively targeting and extracting value from prevailing market conditions, trading success can be found even in mature and commodified markets. Players must understand how to leverage their competitive advantage, embracing the transition to traded markets, leveraging a portfolio of assets and logistics, and embracing new technologies and approaches.