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Showing 10 results of about 273 for 'wool comments' :
  • WOOL
  • NATIONAL

Friday, March 22, 2019

Where have all the good wools gone?

The prevalence of poor quality wool has dragged the market down for a fourth week in a row. Lower style types were discounted by around 20 to 40 cents from last week’s base and this was enough to pull most individual Merino categories down.

http://www.mecardo.com.au/commodities/wool/market-comment/where-have-all-the-good-wools-gone.aspx
  • WOOL
  • NATIONAL

Friday, March 15, 2019

Lower style wool drags on the market

This is the third consecutive week where the market has recorded losses, with the blame sheeted home to the drought on the east coast and the subsequent diminished supply of better style wool. AWEX report that the national average yield on Merino fleece for the week was 63.6%, the lowest level in over 10 years.

http://www.mecardo.com.au/commodities/wool/market-comment/lower-style-wool-drags-on-the-market.aspx
  • WOOL
  • NATIONAL

Friday, March 08, 2019

Buyers cautious and sellers confident

From a seller’s perspective, this wool market is almost surreal, it is a great time to be selling. However, this week buyers were wary and the market eased. Nothing dramatic but slightly cheaper none the less. The wool producer’s response was to increase the pass-in rate; with prices at highest or near record levels, this seems curious, however, the risk associated in the seller’s eyes is minimal. Supply into the future will remain constrained.

http://www.mecardo.com.au/commodities/wool/market-comment/buyers-cautious-and-sellers-confident.aspx
  • WOOL
  • NATIONAL

Friday, March 01, 2019

Big offering but market solid

After 8 weeks of consecutive rises in the wool market, producers responded with a large offering which resulted in a clearance to the trade of 44,800 bales. The opening sales in Melbourne followed the weak finish in Fremantle last week. However, by the close on Thursday, it was a positive sentiment, with all centres posting gains on Thursday.

http://www.mecardo.com.au/commodities/wool/market-comment/big-offering-but-market-solid.aspx
  • WOOL
  • NATIONAL

Friday, February 22, 2019

Wool market Springboks past 2,000 cent mark

If we were to think of what “black swan” events might impact the wool market in 2019, Foot and Mouth Disease (FMD) outbreak in South Africa (SA) would not have been high on the list. This, however, has been the case as this week China decided to bypass SA wool auctions, leading to Cape Wools SA deciding to suspend wool sales this week.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-market-springboks-past-2000-cent-mark.aspx
  • WOOL
  • NATIONAL

Friday, February 15, 2019

Wool supply issues in the north

The drought is showing its effect especially in the northern selling centre (Sydney), where a very small offering of 7,500 bales this week met with strong competition. The south and western selling centres provided the bulk of the offering with 23,000 & 9,500 respectively, while the solid demand was widespread across all centres.

http://www.mecardo.com.au/commodities/wool/market-comment/wool-supply-issues-in-the-north.aspx
  • WOOL
  • NATIONAL

Friday, February 08, 2019

Supply forecast provokes aggressive buying

Despite a slight lift in volume of wool hitting the market this week prices managed to increase across most categories and centres. Looking ahead however, the roster indicates that the quantity of wool on offer is set to decline week after week. AWEX reports claim that the forecast has led many exporters to attempt to secure volume while it’s available and sparked more aggressive buying behaviour this week.

http://www.mecardo.com.au/commodities/wool/market-comment/supply-forecast-provokes-aggressive-buying.aspx
  • WOOL
  • NATIONAL

Friday, February 01, 2019

Minor movements for wool

The general overview of this week’s wool market was that sellers saw minimal movements. In fact, if markets were stronger on day one they gave the gains back the next day, and vice versa if markets started softer. Buyers began keenly but again there is evidence of wariness at these price levels, while wool growers are happy to continue to sell with a modest pass-in rate this week.

http://www.mecardo.com.au/commodities/wool/market-comment/minor-movements-for-wool.aspx
  • WOOL
  • NATIONAL

Friday, January 25, 2019

Sellers happy but buyers wary

On the surface, the wool market appears to be meandering along at a comfortable level, especially if you’re the seller. Buyers, on the other hand, are acting with caution in accepting orders for future delivery. Another large clearance relative to the last 8 months was evident, with prices pretty much unchanged. However, looking ahead, the consensus is that the challenge of supply falling below normal expectation into the winter is rapidly approaching.

http://www.mecardo.com.au/commodities/wool/market-comment/sellers-happy-but-buyers-wary.aspx
  • WOOL
  • NATIONAL

Friday, January 18, 2019

Strength despite size

The last 3 weeks of sales have seen big volumes of wool on the market. Now the normal story would be a hit on prices, but results have been curiously stable.

http://www.mecardo.com.au/commodities/wool/market-comment/strength-despite-size.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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