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Friday, April 20, 2018

Weekly Wool Forwards – week ending 20th April 2018

By Mily Wilson  |  Source: Mecardo, Riemann

Key points

2018-04-20 Wwf Fig 1

The wool forward market has maintained a firm grip on the number of trades since the Easter break. A total of 12 deals were sealed by the traders, in line with last week’s levels.

19 micron wool saw a deal at 2050¢ for April 2018 and three trades for June 2018 between 2060¢ and 2070¢. 21 micron wool was in more demand than 19 micron. There were eight trades in total for this category. Two deals for May 2018 at 1900¢ and 1930¢, four for June ranging from 1910¢ to 1940¢, one for July at 1810 and another one at 1730¢ for November 2018.

There were no minimum price contracts this week.

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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