Brought to you by AG Concepts

Monday, February 15, 2016

Riemann Wool Forwards – week ending 12/2/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-02-15 Rieman Weekly Fig 2

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.

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