By Matt Dalgleish | Source: Riemann
The wool auction market managed to steady this week and the added confidence this brought saw some trades take place in the forward market out until December 2019.
Trades were limited to the 21 and 19 mpg categories in the wool forwards and nothing traded on the minimum price contracts.
In the 19 mpg trades ranged between 2040-2060¢ for a January 2019 maturity, and at 1930¢ for November 2019 and December 2019.
In the 21 micron trade were noted between 2000-2040¢ for a November 2018 maturity, 1990¢ for December 2018 and 1910¢ for May 2019.
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.
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!