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Friday, October 06, 2017

Weekly Wool Forwards – week ending 6th October 2017

By Mily Wilson  |  Source: ACA, Riemann

Key points

2017-10-6 Wool Fwd Fig 1

This week saw solid trade in wool forward market with action happening in both fine and medium wools. Compared to previous weeks, this week was busier and lively. There were four trades in fine and six in medium wools.

2017 saw two trades in November, one in 18.5 micron category at 1950¢ and another in 21 micron at 1560¢. Rest of the trades were dealt for 2018. 18.5 micron saw a deal in February 2018 at 1940¢. 19 micron wool saw some action at 1800¢ and 1790¢ for February and April respectively. While 21 micron wool dealt at 1530¢ for January, 1520¢ for February, 1499¢ for June and between 1495¢ and 1500¢ for May, 2018.

There were no minimum price contracts 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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