Yep agree it is the margins that count. Big factor in the margins though was the large supply in Australia. We literally couldn't export anymore if we tried. I knew exporters that would buy there proposed limit one day, then lower than price $10-15/t and still have plenty of growers keen to sell. The margins got to $40+/t whereas normally its a couple bucks.
Even if the EC does get rain this week we are forecast to only produce ~60% of grain that was produced last harvest.
Global wheat prices, page-16
Add GNC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.73 |
Change
0.020(0.23%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $8.69 | $8.76 | $8.61 | $4.059M | 465.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1840 | $8.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.77 | 18375 | 2 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| GNC (ASX) Chart |