TOL - Lumber Approaches The Low - Buying CatchMark Timber Trust On The Dips Offers Exposure To The Price Of Wood
I never recommend trading lumber futures because of the lack of liquidity in the lumber futures contracts on the Chicago Mercantile Exchange. However, lumber is a critical commodity when it comes to construction and building all over the world. The current level of open interest in the lumber market, which is the total number of open long and short positions, stood at only 4,061 contracts on May 23. On a typical day, fewer than 1,000 contracts change hands, and many days the volume is under 500 contracts. However, lumber is an industrial commodity when it