Brought to you by AG Concepts

Friday, October 27, 2017

Weekly Wool Forwards – week ending 27th October 2017

By Matt Dalgleish  |  Source: Ag Concepts, Riemann

Key points

2017-10-27 Sheep Fwd Fig 1

The activity in the finer end of the physical auction market translated into some contracts getting set for growers in the fine wool forward market too this week as exporters show an appetite to lock in some cover out to mid-2018.

The 18-micron contract saw a trade at 2000¢ for May 2018, but most of the finer action was reserved for the 18.5 category.

Trades were noted at 2000¢ for Nov and Dec 2017 in the 18 mpg and between 1960¢ to 1980¢ for May 2018.

The 21 micron saw two trades at 1530¢ for Feb 2018 and 1520¢ for March 2018.

No minimum price contracts traded this week.

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!