Cryptic crossword clue
Section of latex elasticating source of wool 5

The most common and most likely answer to this crossword clue is the 5 letter word TEXEL

T
E
X
E
L

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The straight part
We know that "source of wool" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case source of wool = texel.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does TEXEL mean?

TEXEL noun
  1. An image representing the smallest unit of a texture that may be repeated to tile a region of the display.

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