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Lumber Futures - May 24 (LXRc1)

CME
Currency in USD
Disclaimer
509.50
-5.00(-0.97%)
Closed

Lumber Futures Discussions

give it a year. more supply of apartments and office converted condos coming online. the price will slowly go down if fed rates stay elevated
Weeks before the pandemic lumber was 258 it is now 505...since then the average house has doubled and land went up 120%....no wonder houses are still expensive.
Youre a dumb as&
You’re a dumbass
During Covid, lumber was $1500. House prices skyrocketed due to this. But, they won't come down.
WHEN WILL WE SEE NEW LUMBER FUTURES CONTRACT!!!!
Not sure why they haven't started tracking the new LBR contract...Yahoo Finance has it, if you want to keep tabs on it.
https://finance.yahoo.com/chart/LBR%3DF?showOptin=1#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-
it's time to buy because there are a lot of forest fires in Canada which increases the rarity and must raise the price
lol
A fire in the Canadian Shield wouldn't effect lumber prices in the least. Most timber comes from Western Canada.
And then, you always laugh
Hello, Can you please tell me why the pepperstone lumber CFD price has become so disconnected from lumber futures price?
Few.
Lumber has formed a bullish wedge pattern that hints at an upside breakout soon. However, I don't see any feasible econimic justification as to WHY Lumber would want to "break" to the upside.
you looking at daily time frame?
I'm just looking at the one year
When will the next contract show up?
Lumber is only every other month LISTED CONTRACTS Monthly contracts (Jan, Mar, May, Jul, Sep, Nov) listed for 7 months TERMINATION OF TRADING Trading terminates at 12:05 p.m. CT on the business day prior to the 16th day of the contract month,
This lumber contract will be delistet within May and replaced by a new lumber contract
we are waiting for 300
moving up to $500 before back down sub $300 imo https://invst.ly/-qfnx
moving up towards $490 - $500
Housing Market bubble rapidly bursting
Not in my neighborhood
why are there no lumber contracts listed past May?
This lumber contract will be substituted past May with a new contract wich has much lower contract sice and other specifications
 It is going to TL contracts, When will they start showing the future month for it?
Still over produced
why the huge jump over night?
They started trading May 2023. Settlement date is was the 15th for lumber
 Thanks,
Lumber going off a cliff. Tough times ahead.
Housing crash is here. Epic meltdown that will make 2008 look like a picnic
you don't understand that most mortgages are on fixed rates at below 4%, bought in the last decade.
you don’t understand that the banks do not want to hold those mortgages
good time to buy, many houses to renovate even if the rates go up
Lumber crash will allow many to build much cheaper but land is scarce.
There is a 10-15% correction on housing prices in Florida going on right now. Gun- shy buyers are going to sit for a while. Raising interest rates won't help things either.
Housing crash has officially begun
Does anybody know why Southern Yellow Pine has gone up 23% on the last month? I have a job that calls for SYP and was wondering if/ when it would come down. Thanks
little move up to around $460, then sell off again
I wrote sometime back in August, after most of the downside has already occurred, that remaining downside will be increasingly gradual and ASYMPTOTIC in nature. The ASYMPTOTE will be the horizontal line located somewhere indide the longstanding traditional trading range of the days past, which is around 200-400. It's exactly what was supposed to happen once supply lines were fixed and demand was moderated by higher rates. So if you look at the year long time price chart you'll see an inverse exponential function as this commodity says goodbye to non traditional dislocations.
nothing goes straight up or down, there will be a small upside moving in the coming days, then it will sell off again to below $350.
This can only move downward. Hardwoods are all sinking in price. If black walnut, red oak and mahogany have all sunk to the bottom, there is no reason to expect construction grade pine to hold its own with raising interest borrowing rates on new homeowners.
fill in the close gap first, should move down to fill the other from ~ $355 - $420
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