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Friday, December 16, 2016

Weekly Wool Forwards – week ending 16/12/16

By Matthew Dalgleish  |  Source: Riemann, ACA

Key points

Wool6

The forward market was reasonably quiet most of the week but a sliding A$ over Thursday/Friday on the back of the US interest rate hike saw some exporter bids creep into the market and set off a few grower orders in the 19 and 21 micron categories.

The 19-mpg traded at 1600¢ for Jan and Feb 2017, 1590¢ for Mar 2017, 1550¢ for Sept 2017, 1550¢ for Jan 2018 and 1530¢ for Mar 2018.

The 21-mpg has traded at 1410¢ for Feb/Mar 2017 and 1405¢ for April 2017.

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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