Monday, February 05, 2024 7:34:30 PM
They buy then sell it
You are assuming 1-2 percent net profit but with gross margins of 18 percent that is a very low ball assumption imo
I honestly believe it will be closer to 10 percent net but we shall see
Most brokers will earn 2 percent but this is not a brokered contract. The contract includes shipping as that is standard for all commodity contracts so the difference between gross and net is really a lot less than 16-17 percent
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