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Friday, January 19, 2018

Weekly Wool Forwards- week ending 19th January 2018

By Olivia Agar  |  Source: Riemann, ACA

Key points

2018-01-19 Wwf Fig 1

The wool forwards market was more subdued this week after its previous fluster of post-recess activity. Growers weren’t looking to lock in contracts too far in advance, with trades spanning only the second quarter of 2018.

19 micron wool traded at 2135¢ and 2140¢ for March 2018, while a deal for April was struck at 2115¢. A contract of 19.5 micron traded at 2025¢ for May 2018. In the medium fibre category, two trades of 21 micron wool were dealt at 1750¢, and another at 1760¢ for April 2018.

This week also saw one minimum price contract taken out on 18 micron with a strike price of 2050¢ and an expiry date of July 2018. The grower has the option for a 30¢ premium. 

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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