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Re: Thoughts on going long KC here??
Subject to holding period and risk capital, I believe either Flat or Long is the right position for Arabica vs Z @ 101.35. The two bearish arguments vs this price I have read are the annualized carry and the weak Brazilian Currency. I am only interested in 2019 which removes the carry argument, and the USD/BRL at 420 has not caused a market collapse.
It seems to me something else in the market is offsetting these two inputs at this point in time. Looking at it the other way - why be short at these levels ?