Get free historical data for Lumber Futures. You'll find the closing price, open, high, low, change and %change of the Lumber Futures for the selected range of dates. The data can be viewed in daily, weekly or monthly time intervals. At the bottom of the table you'll find the data summary for the selected range of dates.
The housing market was supposed to be collapsing which doesnt add up to lumber taking off...
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Lumber is a commodity market, which means it is always trading on information. Nothing always goes up or always goes down. Sawmills close down or reduce capacity in the winter (or when needed for other reasons, COVID) this is a corrective wave in the chart. Will either move down from here or it is the start of another big run. The next couple months will tell that story. We are over bought short term for sure. New range feels like $350 - $650
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Looks like it's headed to my $600 spot a little early
Elvis, do you think other mills will be able to pick up the work lost by the BC mill?
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Spiked to $435? So, what happened?
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Change in futures contracts
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Do you know what happened to futures to justify this kind of launch? Holy cow!!! I was just about ready to make plans for a small build, but that's on hold.
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James Ebertsjan to march futures… guys each future is at a different price. Find your contract. The price didnt change that much at all.
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Looks like it's going to 334? There is a gap at around 900+ that may try to fill possibly get to 600 by April possible quick run to 960 short lived. Hint of stimulus or easing of interest rates after I believe the stock markets sinks lower, some commodities like lumber may garner speculative funds
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Gotta love commodity bulls, lol
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If you look at the decades old charts of Lumber, barring any extraordinary events, Lumber's natural range is 300-400. For now I think it will head to 300, but now lower, if it even gets to 300. But as far as going back up to 900 and higher, that's a bagholder's **** Lumber will trade from around 300-400, or a little lower to a little higher from now on. Retail prices are settling to their natural area also. OSB is now 10.70 and will go lower. 2x4's are $3.50 and will go below $3, etc.
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Could bottom at 370 , possibly to 334 before climbing back to 900 - 1000 area
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Ernie, what do you see coming down the line that will cause a significant increase to the 900 - 1000 range? When do you anticipate the increase to begin? Thanks!
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Ernie I see the same thing, might get a little lower to around 300
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900 is not on the table. About 300-400 is here to stay. With high mortgage rates, recession looming, Lumber is where it should be. Except it should be even lower and will likely go lower.