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Friday, October 19, 2018

Weekly Wool Forwards – week ending 19th October 2018

By Nathan Denny  |  Source: Mecardo, Riemann

Key points

2018-10-19 Wwf Fig 1

This week showed a few trades on 18 and 21 micron fibres. Trades were down this week with a total of seven contracts being traded. The Aussie dollar remained fairly steady this week staying at favourable levels for overseas buyers

The wool forward curve is relatively flat up until June next year as buyers and sellers see what kind of activity the next few weeks bring relative to supply and demand.

In the fine wool category, 18 micron wool traded at 2,470¢ for November and 2,450¢ for December 2018.

21 micron fibres traded at 2,200¢, 2,180¢, 2190¢ and 2240¢ for November and 2185¢ for December 2018


No minimum price contracts were traded this week.

 

Northern MPG
Northern MPG

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Southern MPG
Southern MPG

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Western MPG
Western MPG

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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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