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Monday, February 22, 2016

Riemann Wool Forwards – week ending 19/2/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-02-16 Riemann Wool Forwards Table 1

Orders filled this week on the Riemann platform for the middle of the year in both the 19 and 21 micron categories.

Early July tenor saw the 19-mpg trade at 1400¢ and the 21-mpg dealt at 1400¢ for maturity in mid-July 2016. This week also saw some growers taking advantage of the ability to place linked orders across different micron categories enabling them to access buyers within the different micron categories for the same clip.

These linked orders are called OCO or “one cancels other” orders and there is no danger of getting hit on both sides of the order as the other leg is automatically cancelled as soon as the other linked order is dealt upon.

For more information on how to use an OCO order please call us at Mecardo.

Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 


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