In the feature article of this issue of the Commodity Markets Update, Ryan Ramos discusses the beer distribution business and explores the arguments being made to state legislatures that could shift the contours of how a nearly 100-year-old supply chain functions.

Also in this issue, Max Schlubach looks at blockchains and distributed ledgers in trade finance, exploring whether the digitization of commodity documentation will change the way financial institutions have interacted with the global commodity industries. In addition, Lewis Hart discusses trends in the U.S. power market. He zeroes in on renewable energy sources and the profound impact government policy is having on their surge in usage. Finally, Alice Birnbaum explains how technology and financial innovation are coming together to make financing more efficient for commodity trading firms seeking working capital funding.