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Friday, May 11, 2018

Wool Forwards for week ending 11th May.

By Mily Wilson  |  Source: Mecardo, Riemann

Key points

2018-5-11 WOOLFWD1

Unlike previous weeks, the wool forward market was buzzing with activities this week. A softer Au$ and lower PI rates resulted in buyers securing 18 trades in total, of which nine were from fine wool, 8 from medium and one from crossbred types.

Most of the 19 micron wool was traded for August and September 2018 ranging from 2000¢ to 2010¢. Rest of the trades for 2018 were at 2130¢ and 2080¢ being settled in May and July. While another one from the same category was for January 2019 at 1900¢.

 2019 saw two more deals, but in 21 micron category, for February and June at 1800¢ and 1700¢ respectively. This wool type had a deal for June at 1960¢, July at 1940¢, August at 1880¢, September at 1835¢ and two for October at 1800¢ and 1830¢. The crossbred types were traded at 860¢ for November 2018.

There were no minimum price contracts 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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Go to Wool data

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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