Southern Aurora Markets partner Mike Avery.

“There is a light at the end of the tunnel. Pity it might be a long tunnel.”

IT was another tough week at wool auctions, keeping the forward market becalmed.

All wool qualities lost between 1.5-3 percent, with tepid demand and a frustratingly weak USD not helping neither the exporter, processor nor grower.

The 19 micron index hit its lowest point for almost four years in AUD terms at 1331 cents, while in USD terms it seems the support at US900 cents is yet to be tested.

The first signs of interest are coming through on forwards on both the buy and the sell. Buying interest for the latter part of 2025 and into 2026 in 19 micron has grown. November and December are bid at 1450 cents and in January interest at 1500 cents remains resolute. With cash at 1331 cents it gives food for thought.

The sell side is focused on the current spring through to autumn 2025. Late October, November and April are all offered 19.5 micron at 1405 cents. These levels align with 2023/24 opening levels and those achieved during the season in rallies in November, December, January, April, and June.

Hopefully we will see further activity and interest next week.

Source – Southern Aurora Markets.