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Friday, March 16, 2018

Weekly Wool Forwards – week ending 16th March 2018

By Mily Wilson  |  Source: Riemann, Mecardo

Key points

2018-03-16 Wwf Fig 1

The lack of enthusiasm shown by growers to trade into the second half of the season was clearly evident this week. All the six deals that occurred over the week have a future date no further than June 2018.

Wool from 19 micron was dealt at 2020¢ and 1960¢ for April and June 2018. While 21 micron wool saw one trade at 1820¢ for April, two for May at 1795¢ and 1840¢ and another one at 1760¢ for June 2018.

There were no minimum price contracts this week.

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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