The Eastern Market Indicator (EMI) settled on 1393c/kg, and Moses and Son Principal, Marty Moses of Temora explained the high prices were drawing wool out of storage.

When coronavirus hit, some producers opted to hold wool rather than sell it at the auctions. Newly instilled confidence meant this wool was now reaching the market.

"Prices soared for all sectors of the market as new interest allowed exporters to extend their bids," Mr Moses said.

Jenni Turner of Fox and Lillie at Culcairn, in southern NSW said her immediate sentiment about the market was just how positive it was to see prices increasing.

"I'm thrilled ... it's wonderful to see how everything has turned around for agriculture in general," she said.

At the time Mrs Turner was speaking to The Rural steady rain was falling throughout the region and was offering some good follow-up to recent falls.

"The fine wool has been making really huge gains, and those gains have been coming faster and faster over the last few months," she said.

"We have been crossing our fingers that the medium wool will follow," she said.

Mrs Turner cited lifestyle influences and online selling for some of the buoyancy. She said people were returning to offices and there were weddings to go to.

The coronavirus lockdown in many parts meant people weren't necessarily buying woolen garments.

"Now they have a reason to buy suits," she said.

Mrs Turner also confirmed there had been wool held over in the region, and that may now meet the market. However, she said decisions about selling immediately or waiting certainly came down to individual operators and their needs.

"You have to do what you have to do (at the time)," she said.

"Optimism is good, and the mood is fantastic ... I think that agriculture is one of the most resilient industries," she said.

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