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CUT - A Bounce In Lumber- Weyerhaeuser Shares Remain Near The Lows
Invesco MSCI Global Timber
Lumber is a critical industrial commodity when it comes to construction. The lumber futures market can be highly volatile. The price of wood futures has traded in a range from $214.40 to $659 per 1,000 board feet since September 2015. The lumber market is particularly sensitive to the homebuilding market. The global financial crisis in 2008 pushed the price of wood futures to a low of $137.90 in early 2009. In the United States, the meltdown in the housing market and mortgage-backed securities market caused the demand for new homes to plunge.