yes, it certainly is today. Robusta is far less well supplied than Arabica until we get through to next year's Brazil crop. I actually don't understand why managed money is short it at all, when they're long everything else on earth. All in all though it's the job of flat price to anticipate the future, so while spreads should remain weak through the next 2 expirations, flat price should be relatively elevated and could get jumpy quick on any signs of economic reopening.