@nailsnglue, simply put, the grain price has little impact on graincorps bottom line. graincorp are logistics and a handling company, ok they do trade, but not the extent of cargill and glencore.
graincorp did exceptionally well when 90% aus wheat crop was downgraged to 'feed' (2013 by memory) and the price was very low. it was still a salebale commodity and needed to be moved.
the spike in graincorp price is as a result of the less well informed that make a direct comparison between grain price and graincorp core business.
Irrespective of world grain prices, graincorp will handle what is there to be handled.
@nailsnglue, simply put, the grain price has little impact on...
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Last
$7.55 |
Change
-0.030(0.40%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $7.57 | $7.58 | $7.53 | $21.27M | 2.816M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5814 | $7.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.59 | 15758 | 3 |
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| Last trade - 16.11pm 30/07/2025 (20 minute delay) ? |
| GNC (ASX) Chart |