Why are banks & trading desks hiring so many new commodities traders ?

Because the previous ones blew up.
As simple as that.

They naively think the new ones will be better, until they blow up again.
Thus, a neverending cycle.
 
Yes, new blood would explain the hiring spree. But, they are not all traders contrary to what was said. they are trade checkers, trade support, margin clerks, & back office people on a whole. They are the support staff that handle the volume of the trades.

It may be just a good time to position yourself after the credit implosion if your a bank, FCM, or brokerage. One thing is certain though they do not hire up in the futures business if the volume isnt there. & if prices rise, mkts invert you will see volume.

Tail vs dog...doing the wagging.
 
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