the following should work for you. put the text below in a file called .conkyrc and put it in your home folder. you only need to edit the last line of this file to point at the path of the text file you want to display. the number on the last line (30) is how many seconds you want conky to wait before refreshing this part of the output. change any part of this want (colors, refresh times, location on desktop, etc). look at the man page for more information. let me know how it works out.
Code:
# Create own window instead of using desktop (required in nautilus)
own_window yes
own_window_type override
own_window_transparent yes
own_window_hints undecorated,below,sticky,skip_taskbar,skip_pager
# Use double buffering (reduces flicker, may not work for everyone)
double_buffer yes
# fiddle with window
use_spacer yes
use_xft no
# Update interval in seconds
update_interval 3.0
# Minimum size of text area
# minimum_size 250 5
# Draw shades?
draw_shades no
# Text stuff
draw_outline yes # amplifies text if yes
draw_borders no
#font arial
uppercase no # set to yes if you want all text to be in uppercase
# Stippled borders?
stippled_borders 3
# border margins
border_margin 9
# border width
border_width 10
# Default colors and also border colors, grey90 == #e5e5e5
default_color grey
own_window_colour brown
own_window_transparent yes
# Text alignment, other possible values are commented
#alignment top_left
alignment top_right
#alignment bottom_left
#alignment bottom_right
# Gap between borders of screen and text
gap_x 10
gap_y 20
# stuff after 'TEXT' will be formatted on screen
TEXT
${execi 30 cat /path/to/text/file}
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