there will always be suitable vessels to export the grain. Many of these vessels are frequent grain carriers, and as such do not go on the 'dirty cargo' trade, The frequent route for vessels are load in USA/Canada, discharge in China or other N Asia ports, and proceed directly to Aus.
The stem (available capacity) booking at Graincorp silos is nearly full for the next 12 months.
As for actual shipping stem, this is also chockers:-
i wont post it as it runs to 5 pages (which i have never seen before - note these are contracts already booked, but the link is here.
I believe that he upgraded target price of $9.00 is extremely conservative, bearing in mind the future bookings, and also the fact that Graincorp pay decent fully franked divdends.
GNC Price at posting:
$8.30 Sentiment: Buy Disclosure: Held
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