Tuesday marked the first hearing of the largest bankruptcy case in the history of the United States. 158-year-old Lehman Brothers Holdings is expected to seek the initial approval of Judge James Peck with respect to asset sales, however, final sales would have to be approved by the court. British bank Barclays has agreed to the purchase of Lehman’s core broker-dealer business for approximately $2 billion, after declining to acquire the entire company over the weekend. Given that Lehman was such a big player in commodities, some experts are warning of the adverse effect that Lehman asset sales could have on the commodities markets.

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