diff --git a/hledger/hledger.m4.md b/hledger/hledger.m4.md
index 1bedd386b..d983fd3ae 100644
--- a/hledger/hledger.m4.md
+++ b/hledger/hledger.m4.md
@@ -3841,8 +3841,8 @@ much as when reading a journal file without `commodity` directives (see the link
 But note these commodity styles are not inferred from the numbers in the original CSV data;
 rather, they are inferred from the amounts generated by the CSV rules.
 
-When you are importing CSV data with the `import` command, eg `hledger import foo.csv`,
-there's another step: `import` tries to make the new entries [conform](#commodity-display-styles) to the journal's existing styles.
+When you are importing CSV data with the `import` command, eg `hledger import foo.csv`, there's another step:
+`import` tries to make the new entries [conform](#commodity-display-styles) to the journal's existing styles.
 So for each commodity - let's say it's EUR - `import` will choose:
 
 1. the style declared for EUR by [a `commodity` directive](#commodity-directive) in the journal