FUTURES $US contract up
The United States dollar contract rose 560 points, or $2BOO, for the July month as the New Zealand dollar was slogged by overnight selling overseas and again on the New Zealand foreign exchange market yesterday. However, the two commodities contracts — wool and wheat — failed to react to the fall of the New Zealand dollar. Mr Guy Spooner, a trader for Marshall Futures, said yesterday that the wheat contract had firmed only slightly, partly because of the currency movement and also because of better prices for Australian wheat. Wool was considerably weaker in the morning, dropping about 4 per cent, but it came back to Wednesday’s level as the New Zealand dollar continued to ease. Both interest rate contracts were quieter as they awaited today’s Government stock tender results, he said.
Details of yesterday’s trading were: JUS CONTRACTS Mth Open H/L Last Vol Jul 1.7930 8480/7930 8480 42 Aug 1.8440 8480/8440 8480 3 Contracts traded: 45 Open positions at June 11; Jun '265, Jul 199, Aug 2, Sep 6, Total 472 (up 25). COMMERCIAL BILLS Mth Open H/L Last Vol Jul 8510 517/480 485 35 Aug 8520 520/480 490 58 Sep 8490 505/470 475 22 Dec 8510 525/480 480 18 Mar 8500 500/450 450 30 Contracts traded: 163 Open positions at June 11; Jun 2, Jul 308, Aug 89, Sep 462, Dec 389, Mar 293, Jun 40, Sep 40, Dec 40, Mar 40, Total ! 1703 (down 348). GOVERNMENT STOCK Mth Open H/L Last Vol Jul 8476 480/462 464 276 Aug 8480 480/467 467 14 Sep 8475 478/470 475 16 Contracts traded: 306 Open positions at June 11: Jun 616, Jul 515, Aug 101, Sep 143, Dec 3, Total 1378 (up 99). WOOL FUTURES Mth Open H/L Last Vol Oct 525 525/525 525 3 Dec 525 527/525 526 7 Jan 525 526/525 526 3 Mar 532 535/532 535 8 May 535 538/534 538 15 Aug 546 546/546 546 5 Oct 547 547/547 547 5 Dec 547 547/547 547 5 Contracts traded: 51 Open positions at June 11: Aug 112, Oct 187, Dec 213, Jan 235, Mar 302, May 262, Aug 209, Oct 184, Dec 17, Total 1721 (up 40). WHEAT Mth Open H/L Last Vol Feb 2250 260/250 260 4 Mar 2270 285/270 285 5 May 2330 330/330 330 1 Contracts traded: 10 Open positions at June 11: Feb 19, Mar 36, May 13, Total 68 (up 13).
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Press, 13 June 1986, Page 8
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400FUTURES $US contract up Press, 13 June 1986, Page 8
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