Its a money printer in the GNC offices at the moment guys, should be criminal how much they are making and I actually dont exaggerate. Anyone who has followed my posts will know I have constantly banged on about the trading margins at the moment. Everyone knows the crop is big, a thumper actually, few realise the outsized margins that go with it. There is >$20/t for every tonne GNC exports just in trading margin, no risk just buy from the grower and sell it to destination a few months later and pocket the cash. This is on top of all the supply chain $$ they make.
Don't worry about China, we have more demand than we can handle and rumour is they just booked 500k of wheat (GNC will have probs have done some) for mid-year shipment so those boys are back and keen on our wheat (more broadly speaking, agree with you Sunvoyager).
GNC Price at posting:
$4.42 Sentiment: Buy Disclosure: Held
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