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Friday, September 25, 2015

Riemann wool forwards - week ending 25/09/15

By Robert Herrmann  |  Source: Riemann

When the auction market eases, wool growers sit out and wool exporters wait to see where the market will settle before bidding in the forward market.

This was the case this week, with little interest from either sellers or buyers. It seems that Riemann Wool Forwards will wait for direction from the auction market before growers look to capture historically high price levels and exporters begin protecting their forward sale commitments.

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