Hot Stocks AWB Limited (AWB)

AWB Limited (AWB) is an agricultural company, providing two main businesses focusing on rural services and commodity management.

AWB is a hot stock after increasing its forecast for wheat sales this year, amid concerns about supply shortages in northern Europe.

AWB upgraded its forecast for wheat pool returns by $9 to $22, sighting supply shortages and a bumper harvest in central Queensland due to recent rain.

As a result, AWB stated there is now very strong interest in Australian wheat and should be one of the stocks to watch.

AWB shares climbed 0.3% yesterday.