Weekly Market Reports


6 May 2011

admin Macwool - Friday, May 13, 2011

WEEKLY MARKET REPORT

Week Ending 6th May  2011

 

Northern Micron Indices Comparison: Source of information: AWEX

AWEX
INDEX

This Week
06/05/11

Last Week
22/04/11

Change

Last Year
16/04/10

Yearly
Change

17

 2399

 2418

 -19

1247 

 +1152

18

 2026

 2038

- 12

 1140

 +886

19

 1629

 1617

+12 

 1069

 +560

20

 1358

 1370

 -12

 938

 +420

21

 1286

 1284

 +2

 918

 +368

22

 1246

 1255

 -9

 904

 +379

23

 1191

 1220

 -29

 880

 +377

24

 1008

 1053

 -45

 843

 +237

25

 

 

 

 665

 

26

 837

 853

 -16

 580

 +339

28

 636

 659

 -26

 436

 +252

30

 579

 592

 -23

 382

 +241

32

 527

 571

 -39

 349

 +234

MC

 781

 817

 -36

 626

 +203

                                                                                 

THE BEGINNING OF A NEW ERA

Wool sales resumed this week after a short recess and the highlight for us was offering the first catalogue under the Don Macdonald & Co banner. Sydney held a two day sale offering a total of 12,756 bales with our sale being on Wednesday with 597 bales for sale. The market understandably opened cheaper against a dollar which was close to 5 cents higher than the pre-Easter sale and Melbourne on Tuesday saw falls of 30-40 cents for the medium types and up to 50 cents for the finer end. Sydney opened unchanged on Melbourne and firmed as the day progressed which was good for us as we sold late on the day. The dollar eased further as the week went on and Thursday responded positively with some categories posting gains above the previous sale close.

Our sale was well attended by growers and friends with the added interest of a bottle of Penfolds Grange Hermitage being offered to the buyer of the top price for the catalogue. Of the possible two lots which we would have expected to make top price, the first lot sold 140 cents clean above the next lot of similar micron for the day. The second lot, belonging to KN & MM Foran, Gilgandra, sold after intense competition to Scott Sealey of Viterra - 100 cents above the best quote for any 17.0 micron  ranging lot for the week. The premium paid for these two lots amounted to close to $3000. The $520 paid for the Grange turned out to be a good investment.

The sale averaged $1460 a bale across all types with the only lines to struggle being either poorly prepared clips or cast lines showing heavy colour and cott. As the weeks progress and weekly offerings reduce we expect that competition for supply should keep the market on a firm footing.

Next week there will be about 10,500 bales in Sydney with Don Macdonald & Co offering close to 900 bales.

 

Agrisk – CBA Wool Futures Mid-Point Quotes 06/05/2011

20

21

22

AUCTION

1354.5

1282.5

1239.5

Jun-11

1270

1241

1175

Aug-11

1255

1226

1160

Oct-11

1186

1157

1091

Dec-11

1140

1111

1045

Feb-12

1111

1082

1016

Apr-12

1088

1059

993

Jun-12

1075

1046

980

Aug-12

1073

1044

978

 

MAJOR AUCTION BUYERS (Bales)

1

Viterra Wool

6493

2

Techwool Trading

4562

3

Fox & Lillie

4103

4

AS Gedge

1980

5

PJ Morris

1690

6

Sky Wool

1337

7

Modiano

1249

8

Williams Wool

1160

9

Qld Cotton

923

 

                Eastern Market Indicators (AUD cents/kg clean)                  AUD/USD Currency Exchange

                Eastern 1306 cents (-19) compared with 22/04/11                              1.073 0.021 compared with 22/04/11

 

                Northern Market Indicators (AUD cents/kg clean)

                Northern 1369 cents (-19) compared with 22/04/11

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