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
$7.84 |
Change
-0.060(0.76%) |
Mkt cap ! $1.742B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.93 | $7.83 | $6.072M | 771.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2278 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.86 | 24995 | 4 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |