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Friday, November 30, 2018

Weekly Wool Forwards for week ending 30th November 2018

By Olivia Agar  |  Source: Riemann, Mecardo

Key points

2018-11-30 Weekly Wool 1

With a sideways week at the physical wool market, the forwards market took a back seat. Just a single contract traded.

A 19 micron contract traded at 2,035¢ with a maturity of August 2019.

No minimum price contracts traded this week.

In other news, there’s a new player in the Australian forwards market; cotton. The contracts opening week saw two sales, well and truly overshadowing the wool forwards.

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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