Brought to you by AG Concepts

Friday, February 23, 2018

Weekly Wool Forwards – week ending 23rd February 2018

By Mily Wilson  |  Source: Ag Concepts, Riemann

Key points

2018-02-23 Wwf Fig 1

Contrary to the ups and downs seen in the number of trades over the last few weeks, this week the wool forward market was passive. Overall, there were seven trades in forward market and one in options market.

There were two trades in the 19 micron category. Both deals were dealt at 2100¢ for May 2018.  The remaining trades were for 21 micron category wool, ranging between 1800¢ and 1835¢ for May, June and April 2018.

This week saw a minimum price contract, which enables the grower to choose whether to see out the trade or not. The contract had a strike price of 1800¢ set to mature in 21 March 2018. The grower paid premium of 20¢.

Podcast - Webtile

 

Services -brochure -web -tile

Northern MPG
Northern MPG

Want to see more ?

Go to Wool data

Southern MPG
Southern MPG

Want to see more ?

Go to Wool data

Western MPG
Western MPG

Want to see more ?

Go to Wool data

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. 

x

Sign up for a FREE BASIC SUBSCRIPTION now to read this article.

Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published.  You will also receive one month Premium access for free.

You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.

Learn more about Mecardo Sign Up Now!