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Friday, September 30, 2016

Riemann Wool Forwards – week ending 30/09/16

By Matt Dalgleish  |  Source: Riemann

Key points

2016-09-30 Forwards Fig 1

A higher A$, increased by half a cent this week, had an impact on exporter demand it seems and this flowed through to lower bids in the Riemann system. Growers reluctant to chase the bids down saw a slow week of trade.

On a positive note, however, there are bids in all fine and medium micron classes in the Riemann system for most weeks from now out until the middle of 2017. Some great depth of bids and even if they are a bit too low to inspire growers to trade on may be enticing enough for some to place an offer against the bids that are present.

Have a think about placing some OCO orders across microns perhaps or getting a few GTC orders placed in case we see a spike so you can get set at a level that suits.

Read more about OCO orders here

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