In the feature article of this issue of the Commodity Markets Update, we speak with the Jim Munson and Michael Pollack, the founders of Brooklyn Roasting Company, about building the business, expanding from wholesale to retail, incorporating social goals into the company’s mission and identifying opportunities in an increasingly competitive market.

Also in this issue, Max Schlubach delves into patterns in the crude oil market’s term structure. He looks at how changes in the futures curve are affecting hedging behavior and prices among physical market players. In addition, as regulatory compliance becomes even more important in the food and beverage industry, Carlos de Mello examines how the Food Safety Modernization Act is creating winners and losers. Finally, we speak with John Keough, a Partner at Clyde & Co, to review how special liens can work to the benefit of certain trade participants and detriment of others.