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Friday, October 23, 2015

Riemann wool forwards - week ending 23/10/15

By Robert Herrmann  |  Source: Riemann

Riemann Wool Forwards have been waiting for a positive signal from the auction market and this week it arrived. The benchmark 21 MPG indicator was up by 57 cents in the auction, with buyers on Riemann lifting their bids in line with this increase.

This should trigger growers who have wool to offer pre-Christmas to take some of the bidding on offer and capture this rally.

2015-10-23 Riemann FIG 1

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