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home / news releases / WOOD - WOOD: Lumber Sits And Waits For A Rate Cut

WOOD - WOOD: Lumber Sits And Waits For A Rate Cut

iShares S&P Global Timber & Forestry Index Fund

2024-06-06 13:18:50 ET

Summary

  • Physical lumber futures remain in a narrow trading range, with prices staying under $150 in 2024.
  • Lumber futures have experienced a consolidation period, leading to a narrower range between annual highs and lows.
  • Despite efforts to increase liquidity, lumber futures remain highly illiquid, making trading and investing challenging.
  • iShares Global Timber & Forestry ETF is a fund that can serve as a proxy for lumber prices.

Physical lumber futures remain in a narrow trading band, with the nearby contract price in an under $150 range in 2024. The consolidation of lumber futures has caused the band between annual highs and lows to narrow over the past few years. Meanwhile, the industrial commodity futures remain highly illiquid, which could lead to a significant move when the price breaks out of its current sleepy trading range....

For further details see:

WOOD: Lumber Sits And Waits For A Rate Cut
Stock Information
Company Name: iShares S&P Global Timber & Forestry Index Fund
Stock Symbol: WOOD
Market: NASDAQ
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