Looks like resonable rains in much of Victoria's cropping areas...

Looks like resonable rains in much of Victoria's cropping areas today and a bit more this afternoon also in parts of NSW.

The minor rise in the A$ against the US$ on balance may not be helpful to GNC's earnings, although it is a handler not a grower.

I don't know what date this analysis was prepared - seems extremely optimistic - and as always DYOR and treat these professionals' views with a pinch of cynicism, but:

(Motley Fool published this on 7 June 2023, so perhaps the analyst's views are reasonably recent):
:

Graincorp Ltd (ASX: GNC)

A note out of Bell Potter reveals that its analysts have retained their buy rating and $9.45 price target on this grain exporter’s shares. Bell Potter notes that the June ABARE crop report is looking favourable for Graincorp. In fact, it feels that if the forecast proves accurate, there is meaningful upside risk to its earnings estimates. In light of this, it feels its shares are trading on undemanding levels currently. The Graincorp share price is fetching $8.01 this afternoon.