Brought to you by AG Concepts

Monday, February 01, 2016

Riemann Wool Forwards – week ending 29/01/2016

By Matt Dalgleish  |  Source: Riemann

Key points


The Australia day holiday and a softer end to the week for wool auctions prices conspired to see Riemann somewhat lacking in action.

Despite the subdued market there has been some exciting action to report. This week along with the regular trade summary table we are pleased to present the 21-micron forward curve. In simple terms the curve represents an indication of where the forward market prices sit for 21 mpg in relation to future tenor dates. It will allow the user to identify an approximate mid-point in prices for a given future timeframe.

The curve is prepared by the team at Riemann through a calculation of the various bids/offers and price information on the Riemann system. 

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. 


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