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Friday, November 27, 2015

Riemann wool forwards - week ending 27/11/15

By Robert Herrmann  |  Source: Riemann

The Riemann Wool Forward market has had a quiet November. Growers have been reluctant to come back to the levels buyers have been prepared to bid, and buyers have had subdued forward demand.

There has been a range of forward prices traded, all at levels close to the current spot price of the 21 MPG.

The forward market is waiting for direction. However, growers are now placing GTC orders to capture any future rally.

2015-11-27 Riemann FIG 1

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