# GrainCorp ratchets up its profit advice  | Farm Online | ACT

> GrainCorp reported half-year profit of A$140 million, up from A$105 million, and raised full-year profit guidance to A$255-285 million. Results were driven by a large east coast crop, high international grain prices, and strong demand for edible oils with good crushing margins. The company is recovering from recent east coast droughts.

- Date: 2021-05-14 · published 2021-05-14T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47058-graincorp-ratchets-up-its-profit-advice-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

The earnings update reflects strong domestic grain handling volumes and export demand, but it does not itself change crop supply or global prices. It is a company-level result rather than a market driver.

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7252313/potent-positive-forces-push-up-graincorp-profits/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.