Weekly Wool Forwards – week ending 21/07/2017
First week into the recess, the wool forward market hasn’t moved much. Only a couple of trades, one in fine wool and another in medium wool.
19 micron wool traded at 1775¢ for August 2017. And September 2017 saw a trade at 1450¢ for 21 micron wool. There was a subtle shift lower in the wool forward curve this week as the higher A$ impacted upon foreign export demand – figure 1.
There were no minimum price contracts traded this week. See table below for the current minimum price indicative prices for 19 and 21 micron wool.