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Friday, November 23, 2018

Weekly Wool Forwards for week ending 23rd November 2018

By Olivia Agar  |  Source: Riemann, Mecardo

Key points

2018-11-23 Wool Forward 1

The forwards market had another steady week of activity, falling in line with a steady AU$. Six contracts traded in total across mid and course fibre categories.

In the 19 mpg, a contract for May 2019 traded at 2,100¢. Looking further out, contracts set to mature in October and November 2019 traded at 1,950¢ and 1,960¢, respectively.

In the 21 micron category, February 2019 traded at 2,100¢, while May 2019 traded at 2,050¢.

One contract for course wool also traded, at 710¢ for 30 micron set to mature in February 2019.

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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