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Like a lot of parts of the global economy, housing/wood/material each saw a drop in both supply and demand given last year’s recession. Once beyond the commodity-induced price effects, it becomes clear the economy is settling back into the same disinflationary circumstances or ...
PaulGrecaud/iStock via Getty Images Weyerhaeuser (WY) CEO Devin Stockfish believes the home-building and renovation boom could keep wood demand strong for another decade. But Stockfish says the recent price frenzy - which elevated wood prices above $1,000 per 1,000 board ft. for the firs...
July lumber futures (LB1:COM) reportedly have fallen by the exchange maximum $42, or -3.1%, to $1,284.20 per 1,000 board feet on the Chicago Mercantile Exchange, extending last week's first weekly loss in benchmark lumber prices since January.Citing trade journal Random Lengths, CIBC analyst ...
Economists are already debating whether, or to what degree, stimulus spending is fueling inflation, with consumer prices rising by a whopping 4.2% in April. Prices of lumber, steel and semiconductors are also at record highs, given historically low inventories and surging demand. Port congest...
Benchmark lumber prices (LB1:COM) fell for the first time in 18 weeks, a potential sign that a historic rally may be slowing, Bloomberg reports.The Random Lengths price of Western spruce-pine-fir fell 1.8% this week to $1,600 per 1,000 board ft., Southern yellow pine two-by-fours tumbled 5.8%...
Lumber and plywood prices have jumped through the roof in the U.S. Building materials prices will retreat in 2022, returning to pre-pandemic levels by 2023. The low mortgage rates brought more buyers into the single-family real estate market. Some wood products executives see rece...
Reignited by the red-hot U.S. housing market, timber REITs and lumber producers have "caught fire" since mid-2020 as lumber prices have soared to record highs amid a historic supply shortage. Caught flat-footed by the velocity of the rebound in lumber demand from homebuilding and remo...
U.S. lumber futures (LB1:COM) swing from gains to losses in wild trading, in at least a brief pause from prices that have soared in the past year.The most-active July contract on the Chicago Mercantile Exchange rose by the maximum daily limit this morning after hitting $1,537 per thousand boa...
Risks of rising prices are intensifying across the economy as a growing number of companies warn that supply shortages and logjams will compel them to raise prices. In fact, tight inventories have seen prices surge for raw materials, ranging from semiconductors and steel to lumber (LB1:COM) a...
Lumber prices pushed further into record territory today, likely meaning that Weyerhaeuser (WY), Canfor (CFPZF) and other sawmill owners can expect even fatter profits than the record earnings they reported for Q1 2021 (I, II).Lumber futures (LB1:COM) for delivery later this month settled at ...
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2024-07-20 19:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-10 04:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-11 15:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...