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Friday, August 11, 2017

Weekly Wool Forwards – week ending 11th August 2017

By Matt Dalgleish  |  Source: Ag Concepts, Riemann

Key points

2017-08-11 WOOL FORWARD FIG 1

A strong result on the forward market this week to coincide with good physical auction results as the wool market returns to trade after the Winter hiatus. Medium fibre contracts dominated the volumes, with only a handful of contracts set for grower in the finer fleece categories.

The 19 micron saw two trades go through at 1780¢ for Oct 2017 and 1750¢ for Feb 2018.

In the 21 mpg category contract there were trades noted out until the middle of 2018. September 2017 saw action between 1500¢ to 1530¢, October 2017 traded from 1465¢ to 1505¢, November 2017 and December 2017 saw a single contract booked for each month at 1460¢ and 1450¢, respectively.

Looking into 2018, trades were noted for February through to March at 1450¢ and April contracts traded between 1410¢ to 1448¢.

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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