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Friday, March 03, 2017

Weekly Wool Forwards - week ending 3rd March

By Matt Dalgleish  |  Source: Riemann, AG concepts

Key points



The strong gains in the physical market spilling over into the Riemann Wool Forward market this week with a flurry of activity as growers get set on some healthy forward levels.

18.5 microns traded at 1850¢ for June 17 and 1820¢ for July 17.

19 mpg saw action at 1755¢ for June 17, 1700¢ for August 17, 1680-1705¢ for Sept 17, 1640-1650¢ for Oct 17, 1630¢ for Jan 18, 1620¢ for April 18, 1610¢ for Sept 18 and 1600¢ for Jan 2019. A 1670 strike minimum price contract also went off for a August 2017 expiry at 49¢ premium cost.

21 mpg contracts dealt at 1445-72¢ for March 17, 1455-1470¢ for April 17, 1455-1465¢ for May 17, 1400-1435¢  for June 17 and 1400-1439¢ for July 17

Figure 2 gives an indication as to the current mid-point forward prices for a selection of microns out until May 2018 for those that want to consider levels to get a hedge in place

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