WOOD News and Press, iShares S&P Global Timber & Forestry Index Fund From 10/11/21

After a huge reopening rally and a plunge back down to pre-pandemic levels, lumber is building upward momentum again. Lumber futures (LB1:COM) +3% are looking at another gain after rallying more than 6% in the past two sessions. They are up nearly 20% for October after notching a 30...

The S&P Materials Select Sector closed the trading week with a 1.62% gain, reversing last week's fall. The Materials Select Sector SPDR ETF (NYSEARCA:XLB) also ended the week in green, registering a 1.01% gain over the past 5-day trading session. Aluminum prices surged...

Basic materials were under pressure this week amid production declines in China and the U.S. government moving towards what could be one of the biggest changes to U.S. mining law in centuries. Materials -3.58% was the worst performing sectors among the 11 S&P 500 sectors this we...

Over the past four months, in parallel with spectacular gains in the prices of coal and natural gas, there have been spectacular declines in the prices of lumber and iron-ore. A common argument against there being a general inflation problem is that the large rises in commodity prices...

Feast and famine in the lumber futures market. A record high in May - A decline to one-third the level by August, still near pre-2017 record territory. I never trade lumber, but I watch the industrial commodity futures like a hawk. Lumber futures are a benchmark and barometer ...

If history is any guide, Bloomberg believes shares of lumber producers should rebound as the homebuilding season picks up into year-end, after plunging lumber prices sent shares reeling in recent weeks. Lumber prices and shares of companies such West Fraser Timber (NYSE:WFG), Louisiana-Pacifi...

How Hot is Too Hot? For Timber REITs, scorching-hot lumber demand from the resurgent housing industry - combined with sawmill production bottlenecks - sent lumber prices soaring to extreme levels. Inflating construction materials prices - and the outright inability to source necessary...

After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...

Copper, like lumber, had rocketed upward beginning last fall - representing, for many, the leading edge of the inflationary wave sure to follow. This would only have been the case if real inflation was ever the reason for price behavior all around. More and more it is apparent this wa...

My reading of the current environment is relatively clear; both the longer term and shorter-term leading growth indicators are pointing toward the heightened possibility of slowing cyclical growth. As a result, these downward trends suggest investors ought to be rotating out of the re...