CUT News and Press, Invesco MSCI Global Timber From 02/14/20

Over the past four decades, I have traded at least one contract of almost every commodity on the futures market. However, I have never set foot near the lumber market. The volume and open interest, the total number of open long and short positions, in the lumber market have always been at leve...

This is the story of how the Chinese central bank manipulates premiums on gold traded over the Shanghai Gold Exchange. Evidence suggests that since 2017 the Chinese central bank is artificially elevating premiums on gold traded at the Shanghai Gold Exchange ((SGE)) by roughly 0.5%. A Reu...

Before 2017, the all-time high in the lumber futures market was $493.50 per 1,000 board feet in 1993. In late 2015, when many raw materials prices fell to multiyear lows, lumber hit bottom at $214.40. The price of wood futures then embarked on a recovery that took the price to a new record pea...

The success of a futures contract depends on liquidity. Volume is a critical component of success. Additionally, open interest, or the total number of open long and short positions, must be at a critical mass to make a futures contract useful for consumers, producers, and speculators. A lack o...

Lumber is a critical industrial commodity. Like crude oil, natural gas, copper and other base metals, and ferrous metals, wood is a building block of infrastructure and essential construction material. Just because the lumber futures market is not as liquid as many other industrial raw materia...

Before 2017, the highest price that lumber futures ever reached was $493.50 per 1,000 board feet in 1993. In late 2017, the price rose to a marginal new high at $500 and corrected down towards the $400 level. However, in 2018, the illiquid lumber futures market blew through the $500 level as a...

Lumber is a volatile and illiquid commodity that trades on the futures exchange. While trading lumber is virtually impossible because of the lack of liquidity, it is a bellwether industrial market. Lumber is an essential material when it comes to building and construction. The price of lumber ...

REIT Rankings: Timber REITs In our REIT Rankings series, we introduce and update readers to each of the commercial and residential real estate sectors. We rank REITs within the sectors based on both common and unique valuation metrics, presenting investors with numerous options that fit ...

Random length lumber futures can be a wild market. In September 2015, the price of wood hit a low at $214.40 per 1,000 board feet. Lumber is a building block for infrastructure and an essential for new home construction. In late 2015 and early 2016, most industrial commodity prices hit rock bo...

Lumber is a critical industrial commodity that is essential in building projects. In the United States, the price of lumber tends to reflect the ups and downs of the housing market. Lower interest rates are often supportive of the price of wood. The lumber futures market can be highly volati...