Quite an interesting day for agribusiness stocks.
As others in the thread have pointed out, Russia have effectively blocked the supply of grain from the market. (Article here - https://www.ft.com/content/f5360ee8-3299-40dc-b06d-7908de12e266)
Further exaecarbating problems is that wheat stocks are at historically low levels. Taking Russian and Ukrainian supply out of the picture makes things a whole lot worse.
It appears we are one weather-related supply issue from a big rebound in wheat futures to which GNC are a beneficiary.
Quite an interesting day for agribusiness stocks.As others in...
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Last
$7.76 |
Change
-0.080(1.02%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $7.84 | $7.86 | $7.74 | $5.570M | 714.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 3480 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 5729 | 26 |
View Market Depth
| Last trade - 15.22pm 19/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |