AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Week 30 wool sales continued to improve however less excited than the opening week. Strong buying and trading drove the market to new levels not seen for many months/years, giving some encouragement as farmers have had to grapple with extreme drought and fire conditions during the Australian summer. Improved demand out of China helped support the market at this level, whilst most other markets are still waiting to see which direction the market will continue. Supply is playing a major part in shaping the market, however we need strong demand to pull the market through to new territory. Certified wool is still maintaining healthy price incentives giving both merino and crossbred growers a glimpse of hope for better prices as demand for certified wool is increasing year on year.

AWEX Eastern Indicator compared with 19/12/25

Eastern Indicator

Close: 1689

Change in +2.5

Authentico Index Values

15 Micron

Close: 3099

Change in %: -2.8

16 Micron

Close: 2649

Change in %: +0.2

17 Micron

Close: 2491

Change in %: +0.04

18 Micron

Close: 2337

Change in %: unch

19 Micron

Close: 2266

Change in %: +1.0

Authentico Indicator

Close: 2527

Change in %: +0.3

Forecast

44,000 bales Nationally will surely test the market next week as the rising A$ will dampen trading capabilities. Supply concerns still remain as sales are being top up out depleted hold reserves. The market felt overheated as we got toward the end of sales this week and traders mention that business has been slow but steady.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 30	12588	12423	1.1%
South	M 30	21641	21280	1.7%
West	F 30	9298	9066	2.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 31	W / T	12447
South	M 31	W / T	23472
West	F 31	W / T	8078

If you want to see the complete Wool Sales Roster click here.