Where the
mismatch begins.
A broad price can describe a traded grade or delivery point well. A company may depend on another grade, place, term, or physical step. The difference can remain with the business.
What moves the risk.
- Grade and quality
- Place and local basis
- Season and term
- Input cost
- Storage
- Delivery and transport
- Policy and tariffs
Questions
we start with.
Our approach - Which physical term drives the business result?
- Which public record describes the factor?
- Where does a broad reference stop matching the operating exposure?
- What does the public evidence establish, and what does it leave open?