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$KC -8.9% today — what's driving it?
$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?
2 comments · 13 points
2 Comments
ARu/arjunnair·2mo
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.
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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?