WOOD News and Press, iShares S&P Global Timber & Forestry Index Fund From 11/18/21

Lumber futures leap to their highest in more than three weeks as severe flooding in British Columbia - which produces 14% of North America's lumber - blocks roads and rail tracks, preventing home builders from starting to accumulate the materials they will need in the peak spring season. Janu...

In the latest World Economic Outlook Report, the IMF said "the dangerous divergence in economic prospects across countries remains a major concern". While the IMF focused on the "vaccine divide" between developed and developing nations, there are other divergences at play. For exa...

Today, consensus inflation expectations remain high even though most commodity prices have dropped significantly over the past six months. Commodities are infamous for boom-bust cycles because high prices simultaneously encourage supply while curtailing demand. 12-month change in ...

The S&P Materials Select Sector closed with a 2.50% gain, while the Materials Select Sector SPDR ETF (NYSEARCA:XLB) climbed 3.00% over the past 5-day trading session. Aluminum prices fell to their lowest in more than three months on Friday, as rising coal production in...

Commodities are on the move again, with lumber, copper, aluminum, crude oil and natural gas making significant gains from their pre-pandemic levels. Supply disruptions and a push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies als...

The S&P Materials Select Sector closed with a mild 0.34% loss, while the Materials Select Sector SPDR ETF (NYSEARCA:XLB) dipped 0.19% over the past 5-day trading session. Aluminum prices fell sharply during the trading week, extending a retreat from a 13-year high as China ramps up measur...

Lumber plunged from more than $1,700 to below $450 per 1,000 board feet from May through August 2021. After falling to $448, lumber has come storming back and was over the $770 level at the end of last week. Economic expansion, supply chain bottlenecks, and inflation could continu...

Contango” is the condition wherein the futures price is above the expected future spot price. Futures are so biased a predictor that it would be better to use a random walk. While it is tempting to conclude that futures are good predictors of future spot rates, this is not ...

Consumers increased their spending on durable goods. Supply chain is still ramping up. Producers and suppliers were understandably unprepared. For further details see: Supply Arriving As Demand Recedes

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...