Question: For a better hedge, you believe it is simultaneously necessary to align with the expected future market state of the principal commodity. Using the term

For a better hedge, you believe it is simultaneously necessary to align with the expected future market state of the principal commodity. Using the term structure of futures contracts for the principal commodity, assess the market risk over the three months period.

Assessment criteria: o Plotting the term structure o Implication based on the curvature o Potential market risk based on the curvature

For a better hedge, you believe it is simultaneously necessary to alignwith the expected future market state of the principal commodity. Using the

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