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Saturday, June 09, 2018

Weekly Wool Forwards – week ending 8th June 2018

By Olivia Agar  |  Source: Mecardo, Riemann

Key points

2018-06-08  Wwf Fig 1

Another week of strong activity on the wool forwards market, as growers were encouraged by the rising Aussie Dollar and softening local market to get some of their clip locked in.

18 micron wool traded at 2295¢ for October 2018, while a 18.5 micron contract traded at 2,250¢ for August 2018. 19 micron wools traded at 2,300¢ for June 2018 and between 2,200¢ to 2,220¢ for August 18. 19 micron contracts for October 2018 traded at 2,100¢, and at 2000¢ for January and April 2019.

In the medium wool category, 21 micron fibres traded at between 2,220¢ and 2,260¢ for June 2018, and 2,190¢ for July 2018. Contracts for August 2018 dealt at 2,025¢ and 2,100¢.

September 2018 saw 5 trades of 21 micron wool, ranging from 2,005¢ to 2,040¢. Contracts also dealt at 1,925¢ for November 2018 and 1,910¢ for April 2019.

A single deal was also struck for 22 micron wool at a strike price of 2,170¢ for June 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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