FORWARD-THINKING wool growers took advantage of another tough week for the auction market as prices fell 30-50 cents on Wednesday.

Growers took advantage, with forward trades early in the week into the need year at solid levels, highlighted by January and February traded at 1800 cents for 19 micron and 21 micron trading to 1475 cents for August 2018.

As with last week, forward prices continued to execute in the high percentile bands for key micron groups.

19 micron         90pc    1700 cents    95pc    1830 cents

21 micron         90pc    1430 cents    95pc    1485 cents

28 micron         85pc      800 cents    95pc       870 cents

Buyers returned to the market Thursday and forward levels again presented strong hedging levels.

Anticipated trading levels

September          21 micron      1550 to 1580 cents

October               21 micron       1530 to 1550 cents

November           21 micron       1500 to 1520 cents

December           21 micron       1490 to 1500 cents

Jan to March      21 micron       1470 to 1490 cents

April to June       21 micron       1450 to 1470 cents

Trade summary

September         19 micron        1800 cents    2.5 tonnes

September         21 micron        1570 cents    2.5 tonnes

October              19 micron put option 1800/32 cent premium   2 tonnes

October              21 micron        1550 cents     5 tonnes

November         20 micron         1610 cents     5 tonnes

November         21 micron         1540/1550 cents   8.5 tonnes

December          19 micron        1820 cents      2.5 tonnes

January               19 micron        1800 cents      8 tonnes

January               21 micron        1515 cents      3.25 tonnes

February             19 micron        1800 cents      5 tonnes

February             21 micron        1510/1520 cents   12.5 tonnes

March                 19 micron put option 1720/73 cent premium   2 tonnes

March                21 micron       1515 cents     2.5 tonnes

June                   21 micron        1475 cents     5 tonnes

August              19 micron         1700 cents   10 tonnes

Total 76.25 tons

Source: Southern Aurora Wool.