Market Check Wool

Personal Consulting

Market Check provides tailored personal advice to wool producers. Services include:

Strategy

  1. Expert advice relevant to personal circumstances
  2. Consultation on farm
  3. Marketing plan

Valuation

  1. Report displaying the present futures market value of your clip which can be easily adjusted to reflect changes in the market.
  2. Execution
  3. Access to a number of risk management products including Indicator Contracts, Forwards, Futures and Bank SWAPs.  

Forward Delivery Indicator Contract (FDIC)

Since the collapse of the reserve price scheme in 1991 woolgrowers have had to learn to manage their price risk in a volatile market.  Many products have been available to growers to help them facilitate price risk management, these being the wool futures market and forward contracting (and more recently bank SWAPs). However, growers have been slow to use these price risk products due to the costs involved (eg margins & bank guarantees for the futures markets) and selling away from the traditional auction process (forward contracting).
The Forward Delivery Indicator Contract combines a forward price based on an AWEX Micron Price Guide (MPG) with the sale of the wool at auction. The Forward Delivery Indicator Contract allows growers to access the benefits of the futures market in an easy, efficient and economic manner. Please click here for an example of how an FDIC contract works.

Participating Brokers

The FDIC is available through the following participating brokers:

  1. Gordon Litchfield Wool (Phone Gordon Litchfield on 02 6452 6326)
  2. Jemalong Wool (Phone Rowan Woods on 02 6851 4000)
  3. Lanoc Wool (Phone Don MacDonald on 02 6884 1213)
  4. Lempriere Fox & Lillie (Phone Andrew Partridge on 03 9746 7800)
  5. Moses & Son Wool (Phone Marty Moses on 02 6977 1242)

Industry Links