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.
The latest crop report by Australian government forecaster Abares is positive and likely to lead to consensus upgrades for GrainCorp, says Bell Potter.
Abares raised its east-coast forecast by 2.8 million tons, or 12%.
It cited improved conditions, especially in the southeast.
Analyst Jonathan Snap…