Brought to you by AG Concepts

Friday, October 26, 2018

Weekly Wool Forwards – week ending 26th October 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-10-26 Wwf Fig 1

The physical market pulled back this week which saw growers looking get some short-term security on the forwards market. The A$ dollar slid further down from last week’s levels, meaning wool prices continue to look attractive for overseas buyers.

All forward trades this week were for 21 micron fibres. Contracts for November 2018 were the flavour of the week, with a number of trades hitting between the price range of 2,120¢ and 2,165¢. Trades were also dealt for April 2019 and November 2019 at 2,050¢ and 2,000¢ respectively.

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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