There have been various media reports suggesting we'll experience La Nina (wet conditions) on the Australian east coast again over the next few months.
Provided thousands of hectares are not flooded, this should be good for GNC. One climate scientist at University of Melbourne said in the last couple of days he wasn't yet convinced about La Nina, but his view is at odds with others.
It's encouraging to see a few rainy days in NSW coming up. There's also some rain predicted for Victoria, and while irrelevant to GNC, it's raining across much of lower South Australia this morning.
GNC Price at posting:
$8.47 Sentiment: Hold Disclosure: Held
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