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Friday, December 16, 2016

Weekly Wool Forwards – week ending 16/12/16

By Matthew Dalgleish  |  Source: Riemann, ACA

Key points


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.

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