By Olivia Agar | Source: Riemann, Mecardo
The last week of physical wool auctions before the Christmas recess saw steady activity on the forwards market with just five trades.
19 micron wool traded at 2,110¢ and 2,155¢ for May 2019. A trade for June 2019 was also struck at 2,125¢.
A single contract for 20 micron traded with a maturity date of February 2019 at 2,155¢.
A coarse fibre trade also dealt for 28 micron wool at 860¢.
No minimum price contracts or 18 micron futures contracts were traded this week.
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.