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Mecardo Analysis - Weekly Wool Forwards – week ending 26th October 2018

By Olivia Agar | Source: Mecardo, Riemann.

The physical market pulled back this week which saw growers looking get some short-term security on the forwards market. The A$ dollar slid further down from last week’s levels, meaning wool prices continue to look attractive for overseas buyers.

All forward trades this week were for 21 micron fibres. Contracts for November 2018 were the flavour of the week, with a number of trades hitting between the price range of 2,120¢ and 2,165¢. Trades were also dealt for April 2019 and November 2019 at 2,050¢ and 2,000¢ respectively.

2018-10-26 Wwf Fig 1

No minimum price contracts traded this week.


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