GrainCorp's Stock Fall Looks Too Deep Following Downpour -- Market Talk

Dow Jones

06/01

2311 GMT - Ord Minnett elevates GrainCorp to buy, from accumulate, following heavy rain along Australia's east coast. Analyst John Lawlor says the rain underwrites a FY27 winter crop. He notes that in mid-May significant areas of northern New South Wales and Queensland didn't appear to have sufficient soil moisture profiles to plant. At the time, the weather forecast suggested a dry winter and the chance of El Nino. "However, the relieving rains of the past two weeks have washed away these fears, and while the FY27 crop is likely to be smaller than FY26, it is now unlikely to be a disaster," Ord Minnett says. "This makes the 21% retracement in Graincorp's share price since May 14 seem a significant overreaction." Its price target stays at A$7.25/share. GrainCorp ended Friday at A$4.93. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 31, 2026 19:11 ET (23:11 GMT)

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Analyst John Lawlor says the rain underwrites a FY27 winter crop. He notes that in mid-May significant areas of northern New South Wales and Queensland didn't appear to have sufficient soil moisture profiles to plant. At the time, the weather forecast suggested a dry winter and the chance of El Nino. \"However, the relieving rains of the past two weeks have washed away these fears, and while the FY27 crop is likely to be smaller than FY26, it is now unlikely to be a disaster,\" Ord Minnett says. \"This makes the 21% retracement in Graincorp's share price since May 14 seem a significant overreaction.\" Its price target stays at A$7.25/share. GrainCorp ended Friday at A$4.93. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 31, 2026 19:11 ET (23:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GrainCorp's Stock Fall Looks Too Deep Following Downpour -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrainCorp's Stock Fall Looks Too Deep Following Downpour -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-06-01 07:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2311 GMT - Ord Minnett elevates GrainCorp to buy, from accumulate, following heavy rain along Australia's east coast. Analyst John Lawlor says the rain underwrites a FY27 winter crop. He notes that in mid-May significant areas of northern New South Wales and Queensland didn't appear to have sufficient soil moisture profiles to plant. At the time, the weather forecast suggested a dry winter and the chance of El Nino. \"However, the relieving rains of the past two weeks have washed away these fears, and while the FY27 crop is likely to be smaller than FY26, it is now unlikely to be a disaster,\" Ord Minnett says. \"This makes the 21% retracement in Graincorp's share price since May 14 seem a significant overreaction.\" Its price target stays at A$7.25/share. GrainCorp ended Friday at A$4.93. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 31, 2026 19:11 ET (23:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7117","symbol_name":"農產品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640989342","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640989342","pubTimestamp":1780269060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2311 GMT - Ord Minnett elevates GrainCorp to buy, from accumulate, following heavy rain along Australia's east coast. Analyst John Lawlor says the rain underwrites a FY27 winter crop. He notes that in mid-May significant areas of northern New South Wales and Queensland didn't appear to have sufficient soil moisture profiles to plant. At the time, the weather forecast suggested a dry winter and the chance of El Nino. \"However, the relieving rains of the past two weeks have washed away these fears, and while the FY27 crop is likely to be smaller than FY26, it is now unlikely to be a disaster,\" Ord Minnett says. \"This makes the 21% retracement in Graincorp's share price since May 14 seem a significant overreaction.\" Its price target stays at A$7.25/share. GrainCorp ended Friday at A$4.93. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7117":"农产品","GNC.AU":"GRAINCORP LTD-A","BK7505":"食品股","BK7028":"食品分销商"},"translate_title":"倾盆大雨过后，GrainCorp的股价跌幅看起来太大——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNC.AU":0.9},"content_text":"2311 GMT - Ord Minnett elevates GrainCorp to buy, from accumulate, following heavy rain along Australia's east coast. Analyst John Lawlor says the rain underwrites a FY27 winter crop. He notes that in mid-May significant areas of northern New South Wales and Queensland didn't appear to have sufficient soil moisture profiles to plant. At the time, the weather forecast suggested a dry winter and the chance of El Nino. \"However, the relieving rains of the past two weeks have washed away these fears, and while the FY27 crop is likely to be smaller than FY26, it is now unlikely to be a disaster,\" Ord Minnett says. \"This makes the 21% retracement in Graincorp's share price since May 14 seem a significant overreaction.\" Its price target stays at A$7.25/share. GrainCorp ended Friday at A$4.93. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 31, 2026 19:11 ET (23:11 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}