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Friday, December 04, 2015

Riemann wool forwards - week ending 04/12/15

By Robert Herrmann  |  Source: Riemann

Riemann Wool Forwards remained quiet as the wool market slides sideways and towards a three week Christmas break.

Good-till-cancelled (GTC) offers from wool growers came forward in the finer categories. This looks a sound strategy as the wool auctions are remaining solid despite reports of indifferent demand.

This may be the development of a price rally in the New Year when supply is likely to continue to contract, so GTC orders are an excellent way to capture any price rallies for wool producers.

Want more wool market information?

Read this week's wool market comment - Contrary wool market defying negative factors

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