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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 ...
With greater clarity on the sustainability of the economic recovery, we also saw the opportunity set across markets broaden to include sectors beyond those seen as the primary beneficiaries of an economic reopening. As expected, the recovery hasn't been smooth sailing for all, with su...
What do commodity prices tell us about inflation? Sometimes a lot, sometimes a little. Some commodities are driven by broader economic forces and tell us more about the prospects for overall inflation. High commodity prices can only be sustained by the demand that the prices antic...
Weyerhaeuser ([[WY]] +1.7%) hovers near all-time highs as Raymond James sees the stock benefiting from "higher for longer' lumber prices, upgrading shares to Strong Buy from Outperform with a Street-high $50 price target, up from $37.Given lumber's continuing rally, Ray Jay's Buck Horne raise...
The tumultuous nature of the lumber market over the past year cannot be overstated. Demand for lumber skyrocketed in the summer of 2020, bolstered mostly by demand for housing and DIY housing projects. The lumber market in 2021 continues to reach new highs that were unthinkable ju...
Lumber futures (LB1:COM) continue their wild ride, trading limit down today after going limit up in the previous session.Futures fell the max $48 per 1,000 board feet, off 3.6% to $1,278.70.The iShares S&P Global Timber & Forestry Index ETF (WOOD) fell 1.3% and the...
Lumber futures (LB1:COM) +2.5% are halted after rising by the market limit of $32 per 1,000 board feet to $1,326.70.Lumber is up 50% year to date as the supply chains remains tight, with sawmills facing difficulties in reopening, delays in trucking and worker shortages at lumber yar...
Timber REITs, which were slammed at the outset of the pandemic, "caught fire" in late 2020 - both literally and figuratively - ending 2020 as the fifth best-performing REIT sector. Reignited by the red-hot U.S. housing market, lumber prices have soared to record-highs as insatiable de...
Boise Cascade's products are used in new residential construction and residential repair-and-remodeling projects, among others. Housing sales, new and existing, are robust, and there are supply shortages. Lumber prices increased in 2020. Boise Cascade shares recently hit ...
All five soft commodities move to the upside in Q4 as the sector posts a double-digit percentage gain. Cotton leads the way on the upside. Coffee and sugar move significantly higher. FCOJ is up over 8% but posts the most substantial gain in 2020. Cocoa is only slightly hig...
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2024-04-25 16:34:00 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...
2024-03-16 18:04:00 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...
2024-01-23 08:08:00 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...