Thank you for your answer, but I don' understand.
You wrote something very confusing: "There is nothing to prove what you said is true, nothing to deny what you said is wrong"
I'm not taking lies, just facts
Ther is no physical bz at this level
It seems to me you are not in the physical Bz. Diffs are not -10 as you say. They are +30 and the business doesn't show up, because even at those levels there is no profit for the exporter. They need +40 o more. The internal market pays more, that is what I am telling you the market is dislocated.
You don't have a dimension to understand what I am saying if you are not in the physical business.
And when I told you the market is driven down by the Funds is because that is true. If the business doesn't produce and there is a bunch of trades keeping the market down Funds has to be the actors. Also in the Robusta. The Fund shorts are impressive.
Another bearish factor we haven't talked about is the Brazilian devaluation. That put pressure in the market and obligated the Funds adding more shorts because they see that and
work with an automatic trading system that in this case will put them even shorter.
But there is a bubble that is growing very big and fast and as I told you that will explode.
Hopefully, you won't be on the short side.
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