Use a risk-context statement to separate mandate, exposure, and evidence before recommending a commodity trade.
The move: define the trading job before defending the view. ISO 31000 starts with context because risk only makes sense against objectives. In commodity trading, that means naming the job the trade is supposed to do: hedge inventory, capture basis, secure supply, monetize storage, or express a directional view within a limit. The practical test is whether another trader could read your mandate and know what would make the trade invalid. If the statement only says "bullish copper" or "cheap freight", it has no risk criteria. If it says "hedge 40% of August cathode purchases if LME breaks above the…
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