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Friday, April 13, 2018

Weekly Wool Forwards – week ending 13th April 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-04-13 Wwf Fig 1

 

The wool forwards market picked up some traction on return from the Easter recess. Growers were looking to take out cover over both the short term and the long term in fine to mid micron categories.

Last week saw two trades of 19 micron wool for August 2018 at 1900¢ and 1910¢. A 21 micron contract traded at 1710¢ for September 2018 and a 22 micron lot also dealt at 1795¢ for May 2018.

This week 19 micron fibre traded at 1980¢ for June 2018, 1920¢ for July 2018 and 1900¢ for August 2018. Seven contracts were traded for 21 micron wool. Four of these were set for short coverage with May 2018 expiry dates and strike prices ranging between 1850¢ and 1865¢. 21 micron also dealt for 1780¢ and 1800¢ for July 2018, while another contract traded at 1600¢ out to June 2019 lifting the back end of the forward curve higher.

No minimum price contracts were traded.

Northern MPG
Northern MPG

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Southern MPG
Southern MPG

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Western MPG
Western MPG

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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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