Southern Aurora Markets partner Mike Avery.

FORWARD wool trading was light despite a stronger USD and a lift in spot demand lifting prices at auctions 2-4 percent last week, with the finer wools most affected.

Momentum was at its strongest mid-week. A boost in offshore activity is still required for the market to frank a change in direction. The macro-economic headwinds are still in place.

The forward market remained relatively quiet. Prices in the final quarter 2024 improved and growers were able to obtain cover flat to cash. Understandably buyer and seller are a little hesitant as rallies throughout the year have tended to be short lived. Buyers for spring 2025 and onwards remain at a premium to cash but unchanged from last week. September 2025 traded 1440 cents for 19 micron.

Growers will likely have opportunity to hedge around current spot levels out to years end prior to next week’s auction series. Maintenance of momentum and improved sentiment will be key to enhanced bidding into the New Year. The 42,000 bales on offer next will be the test the stamina the current upturn.

This week’s trades

September 2025                              19 micron                           1440 cents                         3 tonnes

November 2024                               19.5 micron                       1355 cents                       10 tonnes