By Mily Wilson | Source: Ag Concepts, Riemann
The physical wool market was restless with a sizable volume of trades occuring in fine and medium micron wools. This sets a major comeback after winter recess.
The trade in 19 micron wool ranged from 1660¢ to 1900¢. There were ten trades in this category, out of which two trades set for October 2017 at 1850¢ and 1875¢, and four trades for November 2017 at 1800¢ and 1900¢. 2018 saw three trades in January, April and June each at 1800¢, 1750¢ and 1750¢ respectively. Also, another trade set out for 2019 at 1660¢ was noted.
The remaining trades were in the 21 micron category. Ten trades were set for September 2017, ranging between 1550¢ and 1580¢. October 2017 saw deals happening at 1550¢, 1560¢ and 1570¢ respectively. Another trade was dealt for November 2017 at 1485¢. February, June and April 2018 saw deals between 1459¢ and 1510¢.
With the forward market being a hub of activity this week, the options market also received some attention. A minimum price contract was dealt for 21 micron at a premium of 30¢ and a strike price of 1580¢, set to mature in October 2017.
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!