Bell Potter cites Abares crop outlook as driver for GrainCorp upgrades
Bell Potter says the latest Abares crop report is positive and could lead to consensus upgrades for GrainCorp. Abares raised its east-coast forecast by 2.8 million tons, or 12%, citing improved conditions, especially in the southeast.
Bell Potter said the latest crop report from Australian government forecaster Abares was positive and is likely to prompt consensus upgrades for GrainCorp. Abares lifted its east-coast forecast by 2.8 million tons, or 12%, citing improved conditions, especially in the southeast. Analyst Jonathan Snap…