By Mily Wilson | Source: Ag Concepts, Riemann
The wool forward market has gained momentum after weeks of minimal trade. This week saw trades in 18, 19 and 21 micron categories of wool.
There were two trades for 18 micron. Both were traded for May 2018 at 2300¢. 19 micron wool saw some deals between 2130¢ and 2140¢ for March 2018, between 2070¢ and 2125¢ for April 2018 and at 1900¢ and 1910¢ for September 2018. This category also had single trades for May, August and October 2018 at 2100¢, 1935¢ and 1900¢ respectively.
From medium wool category most of the trades happened for April 2018. They ranged from 1670¢ to 1750¢. March and June 2018 saw two deals each. Former one dealt at 1755¢ and 1705¢ while the latter saw deals at 1700¢ and 1720¢. February and September 2018 had action at 1705¢ and 1580¢ respectively.
There were no minimum price contracts this week.
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