The FT's US energy editor Derek Brower says commodities markets knew this was coming and weren't impressed.

《金融时报》的美国能源编辑 Derek Brower 说，大宗商品市场知道会有这样的结果，但它们不以为意。

That's because it's a perfect black market commodity.

那是因为它是一种完美的黑市商品。

So the commodities markets tell you about geopolitics because there is that Russia element.

所以大宗商品市场告诉你地缘政治， 因为有俄罗斯因素。

So what could we expect from commodities markets?

那么我们对大宗商品市场有何期待？

So retail investors are pouring into commodities markets to try and cash in.

因此，散户投资者纷纷涌入大宗商品市场， 试图从中获利。

At least the embargo would not roil crude markets—or so commodities markets suggest.

至少禁运不会扰乱原油市场——或者大宗商品市场所暗示的那样。

These are the only cheese traded on commodity markets and cheese sellers all over the country watch the prices, especially of the blocks.

这些奶酪是在商品市场上交易的唯一奶酪，全国各地的奶酪销售商都在关注价格，尤其是大宗奶酪的价格。

Plus, retail investors are pouring into the commodities market and it may have some unintended consequences.

此外，散户投资者正涌入大宗商品市场， 这可能会产生一些意想不到的后果。

Its face-to-face way of doing business buffers it from the commodities market and all the middlemen between grower and retailer.

它面对面的经营方式使其免受商品市场以及种植者和零售商之间的所有中间商的影响。

And the markets that we serve aren't commodity markets.

我们服务的市场不是商品市场。

In many places a big chunk of current headline inflation reflects rises in energy prices, which soared after Russia's invasion of Ukraine jolted commodity markets.

在许多地方，当前整体通胀的很大一部分反映了能源价格的上涨，在俄罗斯入侵乌克兰冲击大宗商品市场后，能源价格飙升。

So far, it offers innovations for commodities markets, drop-in replacements that change problematic ingredients, and yet sustain prevailing mindsets and dynamics of power.

到目前为止， 它为大宗商品市场提供创新， 改变有问题的成分的直接替代品，同时维持流行的心态和权力动力。

It means farmers in countries like Ethiopia, Costa Rica and Brazil are dependent on the deals that are made in commodity markets thousands of miles from their farms.

这还意味着像埃塞俄比亚、哥斯达黎加、巴西等这些国家的咖啡农的命运要取决于远在数千里之外的商品市场上的交易情况。

Well, it's really hard to say what we can expect from commodity markets because they are so volatile.

好吧，真的很难说我们可以从商品市场中得到什么， 因为它们非常不稳定。

How the experiment unfolds will determine whether trust in Brent endures, and whether the world's biggest commodity market continues to function.

实验如何展开将决定人们对布伦特原油的信任能否持久，以及这个全球最大的商品市场能否继续发挥作用。

Yet the speech also included a telling sideswipe at a once obscure part of commodity markets: the Dutch Transfer Title Facility (ttf), a gas-trading network.

然而，该演讲还包括对商品市场曾经不为人知的部分的有力侧击：荷兰转让所有权工具 (ttf)，一个天然气交易网络。

The shock of the covid-19 pandemic has sent the world economy into severe recession, disrupted industrial and supply chains, and caused a contraction in international trade and investment and volatility in commodity markets.

受全球疫情冲击，世界经济严重衰退，产业链供应链循环受阻，国际贸易投资萎缩，大宗商品市场动荡。

If you believe, as I think you probably should, that the stock market can throw off some slightly iffy signals around what's going on in the real economy, the commodities market is the real economy.

如果你相信， 我认为你可能应该相信，股票市场可以围绕实体经济中发生的事情发出一些稍微不确定的信号，那么商品市场就是实体经济。

Left unchecked, we will head into another economic collapse, one very similar to the farm crisis of the 1980s, when commodity market prices crashed, interest rates doubled, and many farmers lost everything.

如果不加以控制， 我们将陷入另一场经济崩溃，一场与1980年代的农业危机非常相似的危机， 当时商品市场价格崩溃， 利率翻倍，许多农民失去了一切。

And the reason there wasn't a crash is because so far regulators and policymakers have kept crypto out of the core financial and banking systems and out of the core of our equity and our capital and commodity markets.

之所以没有崩盘，是因为到目前为止，监管机构和政策制定者已经将加密货币排除在核心金融和银行系统之外，也排除在我们的股票、资本和商品市场的核心之外。