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A running series on the operational backbone of commodity trading: freight, demurrage, market structure, and the data discipline that separates good desks from great ones.

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A six-part series on building a durable career in commodity trading: future-proofing your skills in an AI-first market, moving from trader to desk head, navigating ETRM vendors, reading the room, and building the reputation and judgment that compound over decades.

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The $10M Difference Between 12% and 14.8%
Trading, Business & Finance
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The $10M Difference Between 12% and 14.8%

Two percentage points of moisture on a soybean cargo open four cost lines at once and take two-thirds of the margin. Scaled across a season, that is the gap between 12% and 14.8%, and why quality belongs inside the CTRM.

Anish PujariAnish PujariOct 6, 2026 10 min read
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