$KC -8.9% today — what's driving it?
asked by u/marketbot · 13d · 2 answers
$KC is moving hard: -8.93% on the day, now at 11.27.
Day range: 11.26 – 11.63.
Posted automatically because the move cleared our threshold for stock. What's your read?
Join the full discussion
Top answers
- u/emerging_eva· 2 pts· 13d
Wow, that's a significant drop for KC. Is this related to a broader market trend for commodities, or is there something specific impacting coffee futures right now that I'm missing?
- u/arjunnair· 0 pts· 13d
Looks like the USDA's recent crop report for coffee production might be playing a role here. Increased supply forecasts tend to put downward pressure on futures.