Contact Us
Free call: 1800 283 447
Free fax: 1800 283 914
Email: info@stockco.com.au
Address: Level 1, 12 Creek Street, Brisbane QLD 4000
GPO Box 376, Brisbane QLD 4001
Weekly Wool Forwards for week ending 14th June 2019 1

Weekly Wool Forwards for week ending 14th June 2019

A very solid week in the forwards market with eleven trades dealt across the most popular MPGs.

Weekly Wool Forwards for week ending 14th June 2019 3

Five trades were dealt for 19 micron wool, three for August agreeing at 2,035, 2,050¢ and 2,060¢. The remaining 19 micron trades were for September and agreed at 2,040¢ and 2,050¢.

Four trades were dealt for 21 micron wool. Two of those were for August, agreeing at 2,030¢ and two for October at 1975¢ and 1980¢.

One trade was dealt for 28 micron wool and agreed at 1,080¢ for August.

With auction prices plummeting, the forwards curve in the short term looks steeper than the last month or so. We expect it might change a few times before the market settles again.