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Friday, August 10, 2018

Weekly Wool Forwards – week ending 10th August 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-08-10 Wwf Fig 1

With the physical wool market back at play, the futures market responded with a surge of activity. 19 trades dealt across 18-21 micron categories.

In the fine wools, 18 micron traded at 2,420¢ for September, 2,380¢ for October and 2,355¢ for November 2018.

A 19 micron contract dealt at 2,050¢ for August 2018. September 2018 saw two trades, one at 2,160¢ and the other, 2,250¢. A February 2019 contract also traded at 2,100¢.

21 micron fibres saw majority of the action on the forwards market. August 2018 traded at 2,200¢ and 2,205¢. Contracts for September traded between 2,150¢ and 2,180¢, while October traded at 2,100¢. November 2018 dealt at 2,050¢ and December 2018 dealt at 2,075¢. 21 micron wool also traded at 2,020¢ for February 2019, 2,010¢ for April and 2,000¢ for May 2019.

No minimum price contracts traded this week.

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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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