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Friday, August 17, 2018

Weekly Wool Forwards – week ending 17th August 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-08-17  Wwf Figure 1

The Australian dollar has continued its downward trajectory, with no signs of a turnaround in the short-term. This is providing some support to overseas buyers, keeping the futures active while local prices continue to surge.

Just a single contract of 19 micron fleece traded this week, it hit a price of 2,225¢ for January 2019.

21 micron wool traded at between 2205¢ and 2280¢ for September 2018. Trades for this category also dealt at 2,200¢ for October, 2150¢ for November and 2,150¢ for December 2018. 2019 contracts were struck at 2110¢ for February and 2000¢ out to June next year.

There were also a couple of broad fibre trades. 28 micron wool traded at a range of 900¢ to 930¢ for December 2018.

 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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