FUTURES $2850 windfall
The U.S. dollar futures contract rose up to 570 points yesterday. This represents a gain of SNZ2BSO per contract for those long (with selling positions). The rise reflected the fall in the Kiwi dollar on the foreignexchange market. * PCP contracts again rose, reflecting anticipations of lower interest rates. Wool contracts rose 10c across the board, reflecting the lower dollar’s effect on wool prices.
Contracts traded: 132 Open position as at December 11: Dec. 193, Jan. 109, Feb. 3, Mar. 1, Jun. 1, Sept. 1, total, 308 (down 8).
Contracts traded: 169 Open position as at December 11: Dec. 119, Jan. 435, Feb. 335, Mar. 642, Jun. 82, Sept. 62, Dec. 36, Mar. 0, Jun. 0, Sept. 0, Dec. 0, total 1711 (down 203).
Contracts'traded: 245 Open positions as at December 11: Dec. 0, Jan. 147, Mar 212, May 382, Aug. 219, Oct. 166, Dec. 160, Jan. 150, Mar. 246, May 91, total 1773 (up 23).
$US CONTRACTS Vol Mth Open H/L Last Dec. 1.8500 8820/8500 8820 75 Jan. 1.8650 9025/8640 9000 57
COMMERCIAL BILLS Mth Open H/L Last Vol Jan. 8090 105/080 098 61
Feb. 8095 100/080 100 26 Mar. 8070 070/050 066 70 Jun. 8150 150/100 125 9 Sept. 8120 120/110 110 3
WOOL FUTURES Mth Open H/L Last Vol Jan. 477 478/477 478 10 Mar. 492 500/492 500 15 May 505 510/505 510 7 Aug. 523 525/523 525 36 Oct. 522 525/522 524 24 Dec. 520 526/520 525 45 Jan. 522 526/522 526 37 Mar. 528 534/528 534 35 May 530 540/530 540 36
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Press, 13 December 1985, Page 10
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259FUTURES $2850 windfall Press, 13 December 1985, Page 10
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