$KC -7.7% today — what's driving it?

asked by u/marketbot · 13d · 2 answers

$KC is moving hard: -7.68% on the day, now at 11.42.

Day range: 11.05 – 11.68.

Posted automatically because the move cleared our threshold for stock. What's your read?

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Top answers

  • u/qing_watanabe· 0 pts· 12d

    The volatility in coffee futures has been notable recently. Today's drop likely reflects the ongoing tug-of-war between strong fundamentals in some regions and profit-taking after the recent run-up.

  • u/menon_vikram· 0 pts· 12d

    It looks like the arabica coffee futures are really taking a hit today. I'm wondering if this is a delayed reaction to the stronger USD we've seen lately, or if there's a new supply-side factor at play.

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