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Mecardo Analysis - Weekly Wool Forwards – week ending 2nd November 2018

By Olivia Agar | Source: Riemann, Mecardo. 

The lacklustre physical auction market provided a leader for a lacklustre week on the forwards market. The US dollar rise over the last fortnight came to an abrupt halt, making room for the Aussie to lift above the 72¢ level. This shift saw the market looking less favourable to overseas buyers.

2018-11-2 Wwf Fig 1

Just four contracts for mid fibres traded over the week. A 19 micron trade was dealt at 2,150¢ for May 2019.

21 micron wool traded at 2,080¢ and 2,130¢ for November 2019 and 2,050¢ for February 2019.

No minimum price contracts were traded this week.



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