|
Following lumber news is the key
to trading fundamentally. Below you can find links to articles in the news that discuss market fundamentals that
could potentially affect the price of lumber. Before you start investing in the lumber commodities market you should do your own research.
1. Bloomberg.com "Biggest
Lumber Profit Since '06 Led by U.S." August 27, 2012 West Fraser Timber Co. (WFT) and Western Forest Products Inc. (WEF) are leading Canadian
lumber producers to the biggest combined profit since 2006 as mills run at five-year highs to feed a U.S. housing rebound
and near-record Chinese demand. Lumber futures rose to a 15-month high on Aug. 15 on the Chicago Mercantile Exchange.
2. Bloomberg.com "Lumber Tops Commodity Futures in February
as Demand From China May Climb" February 29, 2012 Lumber
futures that surged more than any other commodity in February may extend a rally to a 10-month high as China boosts imports
and the U.S. housing recovers, researcher Wood Resources International LLC said.
3. Bloomberg.com "Canada-U.S. Softwood
Lumber Agreement Extended Until 2015" The
U.S. and Canada agreed to extend their five-year-old softwood-lumber agreement through 2015, five days after President Barack
Obama denied a permit for an oil pipeline backed by the Canadian government.
4. WallStreetJournal.com "Milder Weather Boosts Lumber" January 3,
2012 Lumber futures neared three-month highs as
mild weather in the U.S. extended the construction season while the year wound down.
5. Insidefutures.com "Softs Market Commentary"
June 29, 2011 "July lumber futures closed down $6.90 at $228.60 yesterday. The bears still have the overall near-term technical advantage."
6. Bloomberg.com “Lumber Decline Signals Lower U.S. Yields: Technical
Analysis” April 15, 2011 “Lumber tells you how weak the commodities market could be,” said Goncalves, who noted
the link in a note to clients on April 13. “When there’s the need to re-price, it happens very quickly. 7. The Globe and Mail "Softwood lumber
output increases in 2010: survey" March 17, 2011 Growing demand from Asian markets helped Canadian and U.S. producers
boost softwood lumber output by 13 per cent in 2010, according to an annual survey by the International Wood Markets Group.
Click here to contact a licensed commodities broker with experience in the lumber market to discuss market opportunities and trade recommendations.
|
