In what on balance seems good news for GNC, the 'sharing restaurant' blog on Monday 8 August 2022 comments:"...Wheat fell nearly 5% to 780 US cents a bushel by Friday in its third straight week of falling trading volumes as global hedge funds pulled out of the market and as exports trickle out of Ukraine.
The Ukrainian Ministry of Agriculture reported a 45% year-on-year drop in seed harvests, with an average of 3.64 tonnes per hectare. The suggests the next lot of plantings will be much smaller than normal.
Three ships containing nearly 60,000 tons of corn left the port of Odessa in an effort to ease the strain on grain demand..."
Note the second paragraph. If it's correct and not a pessimistic exaggeration, the global wheat harvest may drop given Ukraine's normally significant position.
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$7.79 |
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0.030(0.39%) |
Mkt cap ! $1.731B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.81 | $7.71 | $10.86M | 1.397M |
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| No. | Vol. | Price($) |
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| 1 | 3940 | $7.78 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 21209 | 3 |
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| GNC (ASX) Chart |