IFSPF - Lumber prices pause near record high in wild trading day

U.S. lumber futures (LB1:COM) swing from gains to losses in wild trading, in at least a brief pause from prices that have soared in the past year.The most-active July contract on the Chicago Mercantile Exchange rose by the maximum daily limit this morning after hitting $1,537 per thousand board feet before reversing to limit-down levels, recently trading -2.7% at $1,453 after reaching an all-time high $1,733.50 on Monday.ETFs: [[WOOD]], [[CUT]], [[NAIL]], [[XHB]]Potentially relevant tickers include [[WY]], [[RFP]], [[PCH]], [[WFG]], [[CFPZF]], [[IFSPF]]"We expect a peak will occur in July-August at which point more lumber will start flowing to market as supply chain disruptions, a lack of rail cars and trucks to transport lumber to market, ease," Paul Jannke, a principal at wood product analysis company Forest, tells Bloomberg.Jannke thinks the most-active contract could rise to $1,800 per 1,000 board feet in the absence of extensive wildfires this year, but a bad

For further details see:

Lumber prices pause near record high in wild trading day