This may be a major 'reverse driver' for GNC shares at present, which have dropped as I write to $3.815.
While the $A is not high compared to three years ago when it hovered around US80c ,the former's recent rise also 'weighs' on an exporter's potential.
I perceive that your point about farmers 'holding on to stocks' is a little less important because with some poor seasons in recent years, wouldn't quite a few be wanting to immediately pay down debt?
One good factor is that once the US election is over - particularly if Trump gets reelected, by no means certain but I hope so - the US dollar may resume an upwards trajectory versus the A$.
GNC Price at posting:
$3.82 Sentiment: Hold Disclosure: Held
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