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$KC -7.7% today — what's driving it?
$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?
2 comments · 17 points
2 Comments
MVu/menon_vikram·48m
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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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.