Recent drops in commodities have extended the reach of their effects well beyond traders and it is banker who will the heat today. Deutsche Bank AG (DBK) is pulling away about 200 commodities positions, joining other large financial institutions who have reduced their workforce to the lowest numbers since 2009 as the prices of commodities from energy to metals are set for their first annual drop.

Energy, agriculture, dry bulk, and case metals will no longer form part of the largest European investment bank which is to transfer its financial derivatives and precious metal desks to the division of fixed income and currencies. In an e-mail statement yesterday, the bank stated the the move will bring “no material impact” on its earnings. According to the analytics company Coalition, the total workforce in commodity units has been at its lowest since 2009 in the world’s 10 largest banks as of September.

JPMorgan Chase & Co. (JPM) and Morgan Stanley are also reducing jobs after commodity funds around the world lost $3.4 billion since December. Prices monitored by Standard and Poor’s are set to experience their first annual decline since 2008. Regulators demand that as the Federal Reserve reviews the banks’ control over raw-material assets it sets aside more funds to cover potential losses.