Brought to you by AG Concepts

Thursday, April 13, 2017

Weekly Wool Forwards – week ending 14th April 2017.

By Mily Wilson  |  Source: Riemann, AG concepts

Key points

Woolfwd1

A solid week in wool forwards as the physical market lifts strongly pre- Easter, encouraging exporter buyer in the forward market - particularly in the medium fibre contracts.

A major portion of this week’s forward trades were in 21-micron wool. May 2017 saw one deal at 1460¢, three at 1470¢ and one at 1475¢. Further, June 2017 deals range between 1460¢ and 1465¢. And the trade traffic in July 2017 saw action between 1450¢ and 1465¢.

Three trades took in 19-micron class dealing at 1675¢, 1720¢ and 1835¢ for November, October and May 2017 respectively. The 22-micron contract traded at 1375¢ for May 2017.

Two minimum price contracts were dealt for 18.5-micron at a premium of 35¢ and 45¢ respectively. First one has a strike price of 1900¢ while the strike price of the second deal is 1925¢. Both these trades are set to expire in July 2017. 

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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