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Friday, May 26, 2017

Weekly Wool Forwards – week ending 26th May 2017

By Mily Wilson  |  Source: Ag Concepts, Riemann

Key points

2017-05-26 WOOL FORWARDS FIG 1

An exception seen this week, when compared to previous weeks, with a grower contract set in 18.5-micron wool. Overall, there were five trades in fine and four in medium forward wool market.

The last time some activity occurred in 18.5 mpg wool was the first week of this month. After a gap of two weeks, a single trade in the 18.5-micron class wool at 1950¢ for July 2017.

All the four trades in 19 micron wool are for June 2017, two of them dealt at 1920¢ and the other two at 1880¢. Two trades noted in 21-micron wool were dealt at 1500¢ for June 2017 and another one from the same category at 1475¢. September 2017 saw a trade at 1400 ¢ in 21-micron class.

No minimum price contracts were transacted this week.

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