By Matt Dalgleish | Source: Riemann
Trades across multiple micron categories this week with the 18.5, 19, 23 and 30-micron classes all seeing some action. Interestingly, the 21-micron which is usually the most active and liquid didn’t get much love this week but probably reflective of the action in the physical markets in the finer and coarser classes.
Fine wool saw late March 2017 in the 18.5 mpg trading at 1460¢/kg and the 19 mpg for Oct 2016 and April 2017 dealing at 1430¢. Coarse wool dealing in the 23-micron for September 2016 at 1320¢/kg and the 30 mpg at 703¢/kg for June 2016.
Some short dated bids are in the Riemann system for June and July 2016 across the 18.5, 19.5, 21, 28 and 30 mpg classes. This presents a great opportunity for growers shearing now or with wool available to be delivered soon to lock in some prices in fairly high percentile levels. Contact your wool broker to place an order.
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!