NO not really - correct to about 5% - if there are markets for grain we (oz grain farmers) tend to sell into them-so GNC gets the grain through their export facilities - they mainly handle winter crop for other exporters also (might do more in barley than wheat themselves I think) , so that makes your point even less relevant. If there is a big crop which appears likely, most grain will be exported.
Also wheat is not too bad a price on the average -see below
https://www.macrotrends.net/futures/cbot-wheat">Macrotrends
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GNC
graincorp limited
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$7.75

NO not really - correct to about 5% - if there are markets for...
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Last
$7.75 |
Change
-0.010(0.13%) |
Mkt cap ! $1.728B |
Open | High | Low | Value | Volume |
$7.78 | $7.81 | $7.71 | $2.043M | 263.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 2292 | $7.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.76 | 6873 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 2384 | 7.750 |
17 | 12851 | 7.740 |
12 | 21001 | 7.730 |
10 | 9794 | 7.720 |
14 | 19975 | 7.710 |
Price($) | Vol. | No. |
---|---|---|
7.760 | 8255 | 18 |
7.770 | 4203 | 8 |
7.780 | 10362 | 15 |
7.790 | 21933 | 14 |
7.800 | 11902 | 11 |
Last trade - 14.23pm 20/06/2025 (20 minute delay) ? |
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GNC (ASX) Chart |