Shares in the green hand Graincorp have tumbled amid speculation that the prime minister could block its sales to US company Archer Daniels Midland. The West Australian newspaper is reporting senior Liberals think Mr. Abbott could veto the takeover. Graincorp though has issued a statement, linking the share fall to media speculation. It says it’s not aware of any information relating to the sale that hasn’t already been disclosed. 

 

Well, taking a look at the markets now. 

 

And Graincorp shares were down 4 per cent by the end of trade. Warrnambool Cheese and Butter last traded at nine dollars and ten cents a share. The Australian tax data Freelancer.com has jumped 220 per cent after its market day debut. Among the other good performers, Bluescope still was up 4%. National Australian Bank, the best of the big four banks. The board of Australian share market tracked a global rally after reassuring comments about the continuation of US stimulus measures from the potential future. US Federal Reserve Chairman Janet Yellen. The All Ordinaries Index added 0.8%. The ASX 200 Index rose 0.9%. 

 

The Australian dollar is heading up against the greenback to 93.38 US cents.