Brought to you by AG Concepts

Friday, November 03, 2017

Weekly Wool Forwards – week ending 3rd November 2017

By Mily Wilson  |  Source: Ag Concepts, Riemann

Key points

2017-11-03 Wwf Fig 1

This week Riemann traded in both wool forwards and options market. Out of seven trades, the former had five while latter had two.

The 19 micron wool was traded at 1850¢ for April 2018.  While the 21 micron saw action in 2018 at 1575¢ for January, 1470¢ for July and between 1530¢ and 1550¢ for March.

In both minimum price contracts this week, growers choose a strike price of 1970¢ for a premium of 85¢, set to mature in August 2018. This would give the grower power to decide if they want to sell their wool on a future date at the minimum price agreed upon.

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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