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Friday, January 12, 2018

Weekly Wool Forwards – week ending 12th January 2018

By Olivia Agar  |  Source: Riemann, Mecardo

Key points

2018-01-12 Wwf Fig 1

The New Year has fueled new spirit into the wool forwards market. Traders were forced to hold their patience over the recess while the market was closed but jumped straight back in at full pace this week with 20 trades on the board.

Two deals on 18 Micron wool were struck at 2300¢ for May 2018. Also in the fine wool territory, 19 micron wool traded at 2130¢ and 2135¢ for March 2018, 2070¢ and 2120¢ for April, 1935¢ for August, 1900¢ and 1910¢ for September and 1900¢ for October.

21 micron wool trades were dealt at 1705¢ for both February and March 2018, with another at 1755¢ also for March. April saw five  21 micron deals with a significant spread between, ranging from 1670¢ to 1750¢. Trades also occurred for June 2018 at 1700¢ and September at 1580¢.

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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