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GrainCorp (GNC) $6.30

GNC is largely known for its grain storage / handling operations but it also produces canola oil & meal plus cattle / livestock feed, clearly a good place to be invested if food prices are going to maintain their upside momentum. The stocks forecast to yield close to 3% over the next 12-months which when combined with some potential solid capital appreciation makes GNC an appealing investment to MM especially in an inflationary environment.

GNC
MM is bullish GNC around $6
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GrainCorp (GNC)
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