Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details
Close

Lumber Futures - Jul 21 (LBN1)

Create Alert
New!
Create Alert
Website
  • As an alert notification
  • To use this feature, make sure you are signed-in to your account
Mobile App
  • To use this feature, make sure you are signed-in to your account
  • Make sure you are signed-in with the same user profile

Condition

Frequency

Once
%

Frequency

Frequency

Delivery Method

Status

Add to/Remove from a Portfolio Add to Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
1,544.45 -63.05    -3.92%
11:28:45 - Real-time derived data. Currency in USD ( Disclaimer )
Type:  Commodity
Group:  Agriculture
  • Prev. Close: 1,607.50
  • Open: 1,699.40
  • Day's Range: 1,544.45 - 1,733.70
Lumber 1,544.45 -63.05 -3.92%
Time Frame:
04/11/2021 - 05/11/2021
 
Date Price Open High Low Vol. Change %
May 11, 2021 1,544.45 1,607.15 1,607.15 1,544.45 - -3.53%
May 10, 2021 1,601.00 1,666.80 1,711.20 1,600.00 0.10K -5.04%
May 07, 2021 1,686.00 1,677.00 1,702.00 1,652.00 0.06K 2.49%
May 06, 2021 1,645.00 1,622.60 1,700.00 1,622.60 0.07K 0.62%
May 05, 2021 1,634.90 1,639.00 1,639.00 1,585.00 0.05K 1.61%
May 04, 2021 1,609.00 1,592.00 1,615.00 1,589.70 0.08K 2.12%
May 03, 2021 1,575.60 1,520.60 1,600.00 1,520.60 0.16K 5.00%
Apr 30, 2021 1,500.50 1,460.60 1,502.30 1,460.00 0.15K 3.18%
Apr 29, 2021 1,454.30 1,425.50 1,454.30 1,425.10 0.19K 2.25%
Apr 28, 2021 1,422.30 1,421.70 1,452.20 1,391.40 0.18K 0.13%
Apr 27, 2021 1,420.50 1,460.70 1,468.50 1,374.10 0.23K 0.00%
Apr 26, 2021 1,420.50 1,385.80 1,420.50 1,385.70 0.14K 3.50%
Apr 23, 2021 1,372.50 1,340.20 1,372.50 1,340.20 0.21K 3.62%
Apr 22, 2021 1,324.50 1,297.10 1,324.50 1,297.00 0.22K 2.48%
Apr 21, 2021 1,292.50 1,251.70 1,311.20 1,243.70 0.55K 1.08%
Apr 20, 2021 1,278.70 1,349.50 1,374.70 1,278.70 0.48K -3.62%
Apr 19, 2021 1,326.70 1,291.70 1,326.70 1,287.50 0.14K 2.47%
Apr 16, 2021 1,294.70 1,284.70 1,300.00 1,263.90 0.38K 2.70%
Apr 15, 2021 1,260.70 1,235.70 1,260.70 1,225.80 0.25K 3.96%
Apr 14, 2021 1,212.70 1,185.00 1,212.70 1,183.00 0.21K 2.71%
Apr 13, 2021 1,180.70 1,189.50 1,205.50 1,161.10 0.28K 2.00%
Apr 12, 2021 1,157.50 1,120.70 1,157.50 1,120.00 0.16K 2.84%
Highest: 1,711.20 Lowest: 1,120.00 Difference: 591.20 Average: 1,418.87 Change %: 37.22
Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Lumber Futures Discussions

Write your thoughts about Lumber Futures
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Jeff Aaron
Jeff Aaron 14 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this is pure wall st manipulation.. by the top 1% global elite.. causing a domino affect for massive wealth transfer.. sell/short this lumber now.. before it craters to 100
Golden Smith
Golden Smith 14 minutes ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This was planed ahead from the lessons learned from 2009. Foreclosures get 2x in cash for their houses.
Golden Smith
Golden Smith 16 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
very speculative and caused too much damage for industry
JT TP
JT TP 22 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
reversal...
ES SS
ES SS May 08, 2021 9:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
anyone know where I can find monthly lumber consumption report ?
Steve Farris
Steve Farris 15 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Your wife would be a good start. I heard she has an open offer for anyone wanting to get rid of wood.
Nicholas Vaughan
Nicholas Vaughan May 07, 2021 9:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
mills are notorious for putting supply on allocation with millions of bd.ft in surplus. when the price gets too low, they put everyone on allocation, scarcity sets in to the heard mentality and drives the pricing up until the mills are happy and then they let it go. true story. only this time, Canada is being locked down by Trudeau so mills aren't running. there is too much money chasing too few of goods.
igor bogdanoff
igor bogdanoff May 07, 2021 9:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This has nothing to do with mills.  There is no shortage and mills don't have access to the capital to drive futures prices this high.  Not only that but from what I've heard some mill workers and owners are just as confused as everyone else. Not to mention, Trudeau isn't locking down Canada.  We only had a country-wide lockdown last April/May.  Mills are closing in BC because they've exhausted most of the timber supply and methods to sustain it have been underperforming.  Keep in mind, there is still no shortage.  Remember - anyone with enough money can trade timber futures, and fund managers, speculators and such have access to some of the cheapest debt in history.
Andrew Allen
Andrew Allen 21 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
when money is printed, people spend it. shortages or not, mills manipulating price or not, number go up is due to the Fed and monetary policy
Slimy Chap
Slimy Chap May 07, 2021 9:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's going to reverse. People are getting priced out of new homes. a housing bubble crash is about to happen again and metals are gonna rise, other commodities fall
Derek de Roos
Derek de Roos May 07, 2021 9:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Will this happen when the fed tightens?
igor bogdanoff
igor bogdanoff May 07, 2021 9:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Housing prices aren't necessarily to do with the increase in timber prices.  Moreso, the lower interest rates have allowed people to mortgage more than one home and rent it out to someone else(thus paying off their mortgage).  Result is the same, nobody will be able to afford anything eventually, but timber isn't the worst offender here.
JT TP
JT TP May 07, 2021 12:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
very quiet here for something that keeps going straight up
Ray Almubaslat with SFG
Ray Almubaslat with SFG May 06, 2021 11:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lumber is the new bitcoin /game-stop seems like - Crazy!..but hey we live in a crazy world!
Ray Almubaslat with SFG
Ray Almubaslat with SFG May 06, 2021 11:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sold all my Gold and bought Lumber :-))
Gino Shimmy
Gino Shimmy May 06, 2021 11:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Is anyone shorting this garbage?
Tyrone Jackson
Tyrone Jackson May 06, 2021 11:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Anyone short is wiped out. The time to short is a long way off. Then it will be the trade of a lifetime
JT TP
JT TP 21 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
yes
stf va
stf va May 06, 2021 9:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
topping
JT TP
JT TP May 06, 2021 9:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
how about now?
JT TP
JT TP 21 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
put a fork in it
Pink Lady
Pink Lady May 05, 2021 9:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Last year around this time, LB was 350.  It has been up more than 4 times since then.   I think we will see more upward runnings
Nicholas Vaughan
Nicholas Vaughan May 05, 2021 9:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Building materials are still on the rise. I work in the industry and we still have announced increases expected to hit at end of Q2 and Most likely Q3 as well. Steel, aluminum, vinyl, poly ISO, etc. Ram materials are sporadicslly shipping cause a huge strain on supply. Demand is through the roof. Covid helped the building industry... it didn't hurt it.
Nicholas Vaughan
Nicholas Vaughan May 05, 2021 9:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Well, hasn't hurt it yet I should say. We'll top out at some point.
YS Kim
congo May 04, 2021 8:39PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this is the craziest chart i have ever seen. Jerome Powell really got some powers.
Tom Marshall
Tom Marshall May 04, 2021 8:39PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yeah ridiculous to see that if we consider last 50 yrs price....
Derrick Johnson
Derrick Johnson May 04, 2021 8:39PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like Bitcoin and Tesla charts. Just another day in the fake casino.
John Wurts
John Wurts May 04, 2021 11:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Same thing that happened to lumber is about to happen with silver.
Derrick Johnson
Derrick Johnson May 04, 2021 11:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I completely agree
John Dough
John Dough May 03, 2021 4:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Someone should ask the Mills why they inflating prices when they are paying less for timber? The mills are playing games.
sophie jacobs
sophie jacobs May 03, 2021 2:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lumber went $975 to $500 last year It's going to fall 40% again soon
Christie OQuin
Christie OQuin May 03, 2021 2:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hope you’re right!
Andrew Allen
Andrew Allen May 03, 2021 2:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sophie, that $475 drop came in March 2020 when everything locked down. unless there is a violent slowdown if the economy, or until the Fed decides to raise interest rates/end QE, we will never see a rapid drop like that. Inflation is here to stay my friend
JT TP
JT TP May 03, 2021 2:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sounds like someone is short
Stefon Walters
AgapeGrace May 03, 2021 1:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Simply framing a house these days can cost tens of thousands of dollars more than it did before the COVID-19 pandemic.In other words, a widespread price hike from one of North America's most popular consumer-staples makers isn't an insignificant development to us. It's not a one-off thing...The contractor who was in my house earlier this week... toilet paper on shelves... higher prices across the board for commodities... the Fed... all of this is connected.SOURCE: Stansberry Research Economist
Stefon Walters
AgapeGrace May 03, 2021 1:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The salient point is, inflation is happening... At our home, my wife and I talked to one contractor about inflation. I brought up the prices of lumber futures on my computer screen as he spoke. Here is the all-time chart of Nasdaq lumber ("LBS") futures. As you can see, the price has surged nearly four times from the March 2020 bottom for one contract. This is what a bubble looks like... When I showed the contractor this chart and asked if supply-chain issues were a reason for higher prices, as some folks might tell you, he explained that it wasn't the case at all... "There was a shortage, but there's not anymore," he said. Prices are just going higher, he said, after manufacturers saw what people were willing to pay in the still-booming housing market... where it's cheaper to buy a new home than to renovate an existing one, in some cases. I can't say for sure if this statement is true everywhere houses are built... But the contractor's comments reflect the sentiment and reality.
John Dough
John Dough May 03, 2021 1:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I struggle with the fact that Timberland owners are getting less for logs then they were two years ago, and the mills are selling at record high prices. Its the Mills playing games. They are lining their pockets so they can market it through when this economy falls apart.
Jonathan Hendrix
Jonathan Hendrix May 03, 2021 12:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like all the physcial firewood I stacked is squeezing the lumber market
Allatra Yiveh
AllatraYiveh May 03, 2021 12:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow, what a "temporary inflation", said Fed Powell.
Stefon Walters
AgapeGrace May 03, 2021 12:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow Oliver really needs to understand basic “excess liquidity” inflationary / MMT theory. Have you even taken a basic college economics course? You really should stop displaying such ignorance. Embarrassing.
John Dough
John Dough May 03, 2021 12:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Mr Wolverex. You Sir or Mam are a condescending ********
Stefon Walters
AgapeGrace May 03, 2021 12:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
John Dough Mr Doughhead. You Maam are mush brain ******. Try reading Oliver’s “condescending” comments below before displaying your own ignorance.
Stefon Walters
AgapeGrace May 03, 2021 12:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
John Dough Now Mrs Doughhead has been added to the “embarrassing” category. Appears many non-economically educated people here.
Stefon Walters
AgapeGrace May 03, 2021 12:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
John Dough Grace to you John.
Oliver Closeoff
Oliver Closeoff May 03, 2021 12:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow people really need to go back to econ 101
Stefon Walters
AgapeGrace May 03, 2021 11:58AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lumber up +700% in 1 yr. And the Fed says there is “little” inflation or it’s “transitory”. Lies. What is “transitory” is the entire US economy built on a MMT dollar printing ponzi scheme. It only will last as long as the chair holders still have a chair before the music stops.
Oliver Closeoff
Oliver Closeoff May 03, 2021 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Its almost like COVID caused major supply chain logistic issues.... Who knew price would rise this much?! ;)
Stefon Walters
AgapeGrace May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And the Fed says there is “little” inflation or it’s “transitory”. Lies. What is “transitory” is the entire US economy built on a MMT dollar printing ponzi scheme. It only will last as long as the chair holders still have a chair before the music stops.
Oliver Closeoff
Oliver Closeoff May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Has nothing to do with inflation bro if it did then my burger from mcdonalds would be 30$ right now. Ever heard of a supply chain? Yeah COVID messed up supply chain for lumber and many other industries
Oliver Closeoff
Oliver Closeoff May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So supply chain disrupted=skyrocketing price. Econ 101
Stefon Walters
AgapeGrace May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oliver Closeoff It has everything to do with inflation from excess liquidity “bro”. Have you taken a look at copper, corn, oats, wheat, cattle, dairy etc. All up 75-250% over the last year. Yes lumber is excessive but NOT an analomy. Learn basic inflationary / MMT economics before displaying your ignorance.
Stefon Walters
AgapeGrace May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stefon Walters
AgapeGrace May 03, 2021 11:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oliver Closeoff Grace to you Oliver.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All derived (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email