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Showing 10 results of about 290 for 'wool comments' :
  • WOOL
  • NATIONAL

Friday, August 16, 2019

Maybe now it can only go up?

Dive, crash and plunge are the headlines strapped to this weeks wool market which saw the largest correction in percentage terms in the last eight years. In absolute price terms, it was the largest in the last 16 years. That being said, with the Eastern Market Indicator currently at 1,513 cents, prices are still higher than the previous two peaks.

http://www.mecardo.com.au/commodities/wool/market-comment/maybe-now-it-can-only-go-up.aspx
  • WOOL
  • NATIONAL

Friday, August 09, 2019

Market opens weak and just gets worse

The wool market resumed after the winter recess selling in all three centres but it was an opening that many feared. Demand was negatively affected by the global uncertainty focused on the US/China trade dispute.

http://www.mecardo.com.au/commodities/wool/market-comment/market-opens-weak-and-just-gets-worse.aspx
  • WOOL
  • NATIONAL

Friday, July 12, 2019

Buyers complete orders before winter recess

The wool market is now taking the Winter recess over the next three weeks. Buyers were active as they completed delivery orders, lifting the market into a positive finish. Generally, a 10 to 40 cent lift across the individual MPG’s was observed, with the Sydney & Fremantle markets seemingly the strongest.

http://www.mecardo.com.au/commodities/wool/market-comment/buyers-complete-orders-before-winter-recess.aspx
  • WOOL
  • NATIONAL

Friday, July 05, 2019

A sigh of relief for sale season opener

It was almost possible to hear the audible sigh of relief from buyers & sellers when the wool market began the official 2019/20 season with a “much welcomed positive result”. AWEX reported that after June posted the 2nd worst result in AWEX history (since ’95), the market ended in positive territory for the week.

http://www.mecardo.com.au/commodities/wool/market-comment/a-sigh-of-relief-for-sale-season-opener.aspx
  • WOOL
  • NATIONAL

Friday, June 28, 2019

Market says “no”!

The question last week was “is this the bottom?” We had a clear answer this week,in the short term the market pain is still coming. Again a small offering was met with a lack of confidence (read lack of orders) from buyers and their processor customers; this resulted in the market reaching its lowest point since December 2017.

http://www.mecardo.com.au/commodities/wool/market-comment/market-says-no.aspx
  • WOOL
  • NATIONAL

Friday, June 21, 2019

Is this the bottom?

While the market again suffered a significant fall, the AWI commentary on the market noted that almost all of the damage occurred on day one of selling, with a more measured response from exporters on Thursday. Since the peak of March, in four months the EMI has lost 261 cents, or 14%; while in US$ terms it has fallen 233 cents or 16%. Bales sold is also down, 84,500 or 15% less than over the corresponding period.

http://www.mecardo.com.au/commodities/wool/market-comment/is-this-the-bottom.aspx
  • WOOL
  • NATIONAL

Friday, June 14, 2019

No good news for the wool market

Another week of low offerings, high pass-in rates and price falls.The retracement from the February peak is well and truly happening. All categories were impacted with the exception of the better prepared crossbred lots, although these were in scarce supply.

http://www.mecardo.com.au/commodities/wool/market-comment/no-good-news-for-the-wool-market.aspx
  • WOOL
  • NATIONAL

Friday, June 07, 2019

Wool back on the roller coaster

After strong buying activity last week, this week we saw buyers retreat in what was the lowest offering since June last year with Fremantle not selling at all. The market fell back as buyers were cautious about filling orders due to the small offering and lower quality wool. In going over our records of bales sold (back to October 2015), this week and 2 weeks ago are the only times where sales on a weekly basis have been below 20,000 bales.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-back-on-the-roller-coaster.aspx
  • WOOL
  • NATIONAL

Friday, May 31, 2019

Wool buyers are back and busy

The wool market kicked back into gear this week as buying sentiment strengthened. A limited offering meant buyers were more aggressive with their purchasing to secure their requirement. All categories and microns felt the benefits.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-buyers-are-back-and-busy.aspx
  • WOOL
  • NATIONAL

Friday, May 24, 2019

Wool Week celebrations swing to the buyers

It’s been nice to see the glowing Wool Week campaigns highlighting the benefits of wool to consumers, especially considering the market was far from glowing this week. Prices took another harsh cut, replicating last weeks loss which appears to be driven from uncertainty in the China-US tariff war and added supply coming out of South Africa.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-week-celebrations-swing-to-the-buyers.aspx

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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