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Friday, January 27, 2017

Weekly Wool Forwards – week ending 27/1/17

By Matt Dalgleish  |  Source: Riemann, ACA

Key points

2017-01-27 WOOL FORWARDS 1

Forward trades across microns this week as we saw some action in the 19, 21 and 28 micron classes and a handful of minimum price contracts getting set for growers.

The 28-mpg dealt at 650¢ for March, April and June 2017. Meanwhile, the 21 micron contracts saw trades noted at 1402¢ for April 2017 and 1350¢ for August 2017.

On the finer end, the 19-mpg traded at 1660¢ for April 2017, 1640¢ for June and September 2017, 1625¢ for August 2017 and ranged between 1600-1620¢ for October 2017. Three 19-micron minimum price contracts also get set for March and February 2017 maturities with a 1700¢ strike price for a 35¢ premium. 

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Northern MPG
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