Wool forward price bids and offers stable prior to auction sales

Michael Avery, Southern Aurora Wool, July 5, 2017

WOOL forward price bids and offers are stable prior to auction opening today.

Bidding on 19 micron and 21 micron from August to November has bought new interest out in October and November as growers look to capitalise on the high spot prices prior to the July recess in sales.

Indicative opening levels

19 micron     Bids                   Offers

Aug                   1765 cents

Sept                  1740 cents          1790 cents

Oct                    1700 cents          1775 cents

Nov                   1700 cents          1750 cents

21 micron

Aug                   1465 cents           1500 cents

Sept                  1435 cents           1455 cents

Oct                    1410 cents           1435 cents

Nov                   1400 cents          1450 cents

Source: Southern Aurora Wool.


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