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Friday, November 25, 2016

Weekly Wool Forwards – week ending 25/11/16

By Matt Dalgleish  |  Source: ACA

Key points

2016-11-25 Forwards Fig 1

A strong auction market flowed through to increased action on the forward market this week as growers managed to get some good levels set on GTC orders in the 21 and 19-micron classes for the first quarter of 2017.

The 19 mpg contracts traded at 1585¢ for January 2017, between 1550-1575¢ for March 2017 and 1560-1570¢ for an April 2017 maturity.

The 21 mpg class saw trades at 1425-1430 for Dec 2016, 1400-1410¢ for February 2017, 1400¢ for March 2017 and 1400-1410¢ for April 2017.

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