FUTURES Wool drops
Wool futures contract prices lost between 5c and 6c yesterday as the market continued to be dominated by the weak outlook for wool throughout the world, said Dr Brent Layton, the futures manager for Marshall Futures.
Some profit-taking late in the morning stemmed the stream of sellers and pushed prices up, but this was only a temporary phase. The United States dollar contract was quiet with the New Zealand dollar trading in a 30-point range on the foreign exchange market ahead of Veterans’ Day Holiday in the United States overnight. The prime commercial paper contract was active with trading having a face value of $49.4 million, with trading again occurring in the distant months of June and September, he said.
SUS CONTRACTS Mth Open H/L Last Vol Nov. 1.7200 7245/7200 7245 4 Dec. 1.7496 7496/7495 7495 11 Jan. 1.7400 7400/7400 7400 1 Contracts traded: 16
COMMERCIAL BILLS Mth Open H/L Last Vol Nov. 7710 714/700 714 24 Dee. 7810' 820/800 820 53 Jan. 7745 760/740 755 48 Mar. 7730 730/725 729 19 Jun. 8100 8100/8100 8100 1 Sep. 7985 Contracts 8190/7985 traded: 147 8190 2
WOOL FUTURES Mth Open H/L Last Vol Jan. 442 450/440 440 3 Mar. 451 451/450 451 3 May 463 463/456 459 31 Aug. 475 475/473 473 13 Oct. 474 476/474 474 10 Dec. 475 478/475 475 25 Jan. 474 476/474 474 15 Mar. 489 489/480 484 55 May 492 492/486 489 36 Contracts traded: 191
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Press, 12 November 1985, Page 27
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243FUTURES Wool drops Press, 12 November 1985, Page 27
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