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Friday, June 22, 2018

Weekly Wool Forwards – week ending 22nd June 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-06-22 Wwf Fig 1

The forwards market is drawing in on the strength of the physical wool market and the softer Aussie dollar. 27 forwards contracts traded across a broad spectrum of micron categories and two options contracts were taken out for 19 micron wools.

In the fine wools, 18 micron wool traded at 2355¢ for October 2018. Contracts that traded for expiry in 2019, included January at 2310¢ and both March and May at 2155¢. A trade for 19 micron was struck at 2155¢ for October 2018.

Medium fibres of 21 micron saw deals at 2240¢ for August 2018, between 2085¢ and 2110¢ for September 2018 and between 2050¢ and 2140¢ for October 2018. Contracts also traded at between 2030¢ and 2100¢ for November 2018 and between 2000¢ and 2100¢ for December 2018.

2019 for the 21 microns saw deals trade at range 1980¢ to 2000¢ for January, while April saw a deal at 1970¢.

A 23 micron contract also traded this week, it was struck at 2030¢ for September 2018. 28 micron went for 900¢ for November 2018.

There were two minimum price contracts taken out this week for 19 micron fibres. One contract was set at a strike price of 2050¢ for early September and the other for a strike price of 2025¢ for late September with a premium on both of 40¢.

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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