Typically the volumes are relatively small, which makes it’s expensive to hedge. It’s a penny game. If you are making a 35% spread on your buy/sell the one tim

Typically the volumes are relatively small, which makes it’s expensive to hedge. It’s a penny game. If you are making a 35% spread on your buy/sell the one time inventory depreciation will definitely hurt, but your spread and net pennies per pound has also gone down substantially as well.