Problems We Solve
Commodity firms rarely lose money because one person does not understand a definition. They lose money when pricing, hedging, logistics, FX, reporting, finance, and operations stop speaking the same language.
Physical contracts and hedges are not properly linked.
Month-end MTM does not explain actual economic exposure.
FX exposure is created but not consistently identified or hedged.
Futures positions are rolled, carried, or adjusted without clear P&L ownership.
Margin calls create liquidity pressure despite “correct” hedges.
Teams understand their own function but not the full lifecycle of the trade.
Management receives reports that are technically accurate but commercially incomplete.
Where Risk Typically Breaks Down
Hedge-to-Physical Linkage
Physical contracts, pricing periods, derivative hedges, FX hedges, and invoices are not always connected clearly enough to explain true exposure.
MTM, Risk Reporting, & P&L
Reports may show positions and values, but still fail to explain what risk exists, where P&L is coming from, or what could change next.
FX Exposure
FX risk can be created at purchase, sale, provisional pricing, final invoicing, settlement, or translation, and it is often handled inconsistently.
Margin & Liquidity
A hedge can be economically correct while still creating cash pressure through margin calls, collateral requirements, or financing constraints.
Process & Ownership Gaps
Trading, treasury, operations, finance, and risk may each control part of the process without one shared view of the full trade lifecycle.
Training & Cross-Functional Understanding
Errors often occur when teams understand their own function but not how their decisions affect hedging, pricing, reporting, cash flow, and P&L.
“Samuel’s deep knowledge of the refined and concentrates markets really added valuable context to the material. The interactive question and answer sections are an excellent tool that kept the team engaged throughout the sessions. Teaching seems to come naturally to Samuel. His clear communication and expertise were clear for all.”