Wording from a Reuters article - Google j p morgan commodities business for full article:

(Reuters) - JP Morgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under intense political and regulatory pressure.

Wall Street's biggest bank said an "internal review" had concluded it should pursue "strategic alternatives" for its physical commodities operations, which includes assets like its Henry Bath metals warehousing subsidiary and a vast global team trading everything from African crude to Canadian natural gas.

The firm will explore "a sale, spinoff or strategic partnership" for its physical arm, the statement said. It said the bank remained "fully committed" to its traditional financial commodity business, including trading derivatives and its activities in precious metals.