By Matt Dalgleish | Source: Riemann
A stronger week in the wool auctions saw some action flow through to Riemann mid-week with some grower orders filled for the middle of 2016. The 21-micron category traded to 1330¢ for mid-August maturity.
Next week is a two-day sale in all three selling centres. Confidence is building so we should look forward to at least these stronger price levels being maintained.
When the auction market rallies, buyers show more interest in the forward market. Producers can benefit by having GTC sell orders on the Riemann Wool Forward screen providing buyers with the opportunity to cover any new orders placed by processors.
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.
Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published. You will also receive one month Premium access for free.
You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.Learn more about Mecardo Sign Up Now!