ASX Top 200 Stocks Down Under 23 May 2022: GrainCorp (ASX:GNC)

GrainCorp: It’s reaped what it’s sown, and it’s reaped well

One of the few spaces resilient to the market downturn is the agriculture sector. Despite Australia’s trade relations having seen better days, the past couple of years have been strong for the sector – weather conditions have been solid (facilitating bumper crops and strong breeding seasons), and commodity prices are high. And many companies have outperformed the index, including GrainCorp (ASX: GNC) which is up 21% this year when the ASX is down more than 5%. GrainCorp isn’t the most diversified stock by any means, but it’s proven resilient and we think there’s more growth to come

Click here to read the previous edition of ASX Top 200 Stocks Down Under published 16 May 2022

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