We are pricing a lot of export demand - focus will be South East Asia as they are our biggest destination every year. Aussie wheat prices are very cheap (relative to the rest of the world, on face value they are pretty high) and global millers/feed consumers are focusing on Australian wheat so we will have no problems exporting big licks of wheat this year. This year is a perfect setup for GNC marketing/trading team to add some value as the margin to export is positive so not only do they make money out of S&H the stuff, but they also can boost returns by making $$ on actually facilitating/marketing it into the global market.
GNC Price at posting:
$3.78 Sentiment: Buy Disclosure: Held
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