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Weekly wool forwards for week ending 3rd May 2019

The forwards market has been quiet again the last fortnight. We had the Easter break last week, so that’s not unusual, but we had just as few agreements this week as then.

Last week, one trade was dealt for 21 Micron wool, agreeing on a price of 2,250¢ for July, the same price as the June agreements from the week before. The other trade was for 28 Micron wool, agreeing at 1,030¢ for November.

This week, both trades were for 21 Micron wool, one for June at 2,250¢ and the other for October at 2,125¢. The forwards curve is still looking pretty flat, so we don’t expect to see a lot of movement in prices for some time.