Shares of Starbucks (SBUX) fall 2.2% premarket after J.M. Smucker (SJM) announces a 6% price cut...

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Shares of Starbucks (SBUX) fall 2.2% premarket after J.M. Smucker (SJM) announces a 6% price cut on most of its coffee brands in what could be the opening salvo of a price war. Coffee futures have fallen lower since May after an extended run-up.