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Monday, February 08, 2016

Riemann Wool Forwards – week ending 05/02/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-08-02 Riemann Tab1

A relatively slow session this week saw late February grower order filled in the coarse wool category trading to 745¢ in the 30-mpg.

For participants that are unaware, there is an ability in the Riemann system to place orders for the one grower across microns if desired for the one parcel. These are called OCO or “one cancels other” orders and enable and order to be placed in the 21 micron and 19 micron categories at the same time for the same batch of wool at different prices. If one leg of the order gets dealt upon the system automatically cancels the other leg so there is no ability for both sides of the order to be transacted upon.

For more information about how these OCO orders work feel free to call us at Mecardo to discuss. 

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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