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Despite wholesale cash prices coming down several months ago on several construction related commodities, such as lumber, consumer-level retail prices have not necessarily seen the same drops. Lumber futures returned to relatively normal levels during the fall, settling around an aver...
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...
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 ...
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...
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...
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...
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...
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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...
2024-02-08 12:44:00 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...