The one thing that will drive GNC profits will be the sh!thouse growing season the northern hemisphere is having. Drought and floods are decimating their crops. Things are shaping up well here on the East Coast of Aus and even if we don't have a bumper crop I suspect the predicted shocking NH harvest will see grain prices firm up and with that GNC margins for their exports. If we have a bumper crop and firming global grain prices then things will be super.
Penalty hits from water logging from northern Vic to Moree are patchy by all accounts so the main thing now will be ensuring it is dry enough to get the crop off in a timely manner.
GNC Price at posting:
$5.47 Sentiment: Buy Disclosure: Held
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