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Friday, February 16, 2018

Weekly Wool Forwards – week ending 16/02/2018

By Olivia Agar  |  Source: Riemann, Mecardo

Key points

2018-02-16 Wwf Fig 1

Hesitation from buyers and growers was apparent across the physical wool market this week and this seeped into the forwards market. A few trades were dealt in the 19 and 21 fibres, however last weeks momentum seems to have fallen back.

This week saw 19 micron wool trade at 2095¢ for April 2018, 2070¢ for May and 2040¢ for July. In the medium fibres, two 21 micron contracts were struck for March 2018 expiry at 1840¢. Another two trades for April 2018 reached 1820¢ and 1825¢, while a single contract for May also dealt at 1820¢.

No minimum price contracts traded 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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