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Sunday, July 10, 2016

Riemann Wool Forwards – week ending 08/07/16

By Matt Dalgleish  |  Source: Riemann

Key points

2016-07-11 Riemann

A solid week of trading for the Riemann system this week on the back of good physical wool auction results. Growers getting set on GTC order levels from August 2016 out to April 2017 in the 19 and 21 micron categories.

August 2016 contracts traded from 1400-1450¢ in the 21 mpg. September ranged from 1350-1410¢ in the 21 micron and traded at 1460¢ in the 19-micron class. October 2016 saw 1445-1450¢ deal for 19 mpg and 1350¢ traded in the 21 mpg. November contracts in the 19 micron dealt at 1435¢ and the 20 micron saw some action between 1340-1350¢.

Into 2017 we saw the 19-micron trade for January maturity between 1430-1450¢ and April 19 mpg dealing at 1435¢.

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