CUT News and Press, Invesco MSCI Global Timber From 08/07/20

Lumber futures closed yesterday at a record high , propelled by a do-it-yourself remodeling boom and resurgent home builders that caught saw mills by surprise, resulting in a supply squeeze . More news on: iShares S&P Global Timber & Forestry Index ETF, Invesco Exchange-Traded F...

Weyerhaeuser (WY) is scheduled to report quarterly earnings on July 31. I believe the company is likely to increase its outlook and potentially resume paying a dividend, though possibly at a lower rate. The company may also make other significant announcements regarding capacity and margins th...

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 homebu...

Homebuilding requires lots of wood. Low mortgage rates in the US in 2018 prompted a boom in demand for new homes, which lifted the price of nearby lumber futures to an all-time high of $659 per 1,000 board feet. At the same time, trade frictions between the US and Canada, as the Trump administ...

Co-produced with Trapping Value In total, 3.38 million people filed for unemployment benefits last week. The numbers were so off the charts that we likely will have to exclude this period when we want to look at this data in the future. While people were shocked at the magnitude of tho...

OIS Can Be A Slow Gainer The oilfield services industry is going through a bloodbath as energy demand forecasts are moving south while the production is slated to flood the market in the short term. In the current dynamics, Oil States International ( OIS ), apart from the commercialization...

Eldorado Gold ( EGO ) released its guidance for 2020 on the 20th February. I analyse the guidance below. My conclusion is that the company is still substantially undervalued. The company operates gold mines in Turkey, Greece and Canada. They also have undeveloped assets in Brazil, Romania an...

With risk-off gripping markets across all asset classes, market volatility has increased dramatically. The VIX index, which measures the implied volatility of put and call options on the S&P 500 stocks, rose to its highest level since December 2008 when it moved to 61.62 on March 9. Option...

The price of lumber is highly sensitive to interest rates. Since lumber is an essential ingredient in home building and construction, low interest rates work to increase demand and boost the price of wood. In 2018, lumber rose to an all-time peak at $659 per 1,000 board feet. The previous high...

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...