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Friday, June 01, 2018

Weekly Wool Forwards – week ending 1st June 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-06-1 Wwf Fig 1

It’s the first day of winter, but the wool market’s as hot as it gets. Supply in the physical market is tightening up and as a result, the forwards market has been ripe with activity. 19 contracts traded this week across fine and mid fibre categories.

Fine wool of 18 micron traded at 2250¢ for October 2018 and 2225¢ for December 2018. Two deals for 18.5 micron were struck for August 2018, at 2245¢ and 2275¢. 19 micron fibres traded at 2005¢ for October 2018, while moving into next year, it traded at 1955¢ for June and 1950¢ for August 2019.

Forward trades of 21 micron wool still centred on 2018. June 2018 traded at 2185¢ and July at 2155¢. Contracts for September started from 1965¢ to three trades at 2005¢. October saw two trades at 1975¢, while November dealt at 1900¢ and 1950¢. December also saw a trade at 1950¢, while February 2019 traded at 1910¢.

There were no minimum price contracts this week.

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Northern MPG
Northern MPG

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Southern MPG
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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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