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Friday, June 29, 2018

Weekly Wool Forwards – week ending 29th June 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-06-29 Wwf Fig 1

It was the last week of sales for the 17/18 wool selling season. A total of 703 contracts traded on Riemann over the season, which was a 13% increase on last season, along with a 9% lift in total volumes. The forwards market had a solid week of activity across fine and medium fibres.

18 micron wool traded at 2300¢ for January 2019 and 2300¢ for March 2019. In the 19 micron category, contracts for August 2018 traded at 2275¢, while September saw a trade at 2240¢. 19 micron lots traded at 2205¢ & 2210¢ for October 2018. Deals were also struck for June and July 2019 at 2000¢ & 2050¢ respectively. August and October 2019 saw trades at 2000¢.

All trades in the mid fibre category this week were set to mature in 2018. 21 micron traded at a range of 2280¢ and 2300¢ for July 2018. August saw a deal at 2255¢, while September ranged from 2190¢ to 2205¢. Two contracts for 21 micron in October traded at 2135¢ and a single December trade at 2100¢.

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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