Lumber prices rebound… WSJ – Commodity Research Group

May 28, 2020 by Jim Colburn Leave a Comment

Will Horner and Ryan Dezember, Wall Street Journal, discuss the fall and rise of lumber prices, here…

“Lumber futures have soared since the start of April, driven by cutbacks at mills, signs that the home-building season might be salvaged and brisk business at home-improvement stores.

Among major commodities only gasoline and crude oil, up up 81% and 62% respectively since March ended, have seen a sharper rise as Americans emerge from stay-at-home orders aimed at slowing the spread of the coronavirus.

Lumber futures for July delivery ended Tuesday at $356.80 per 1,000 board feet on theChicago Mercantile Exchange, up 45% from a low on April 1 and 8.9% higher than a year earlier.“

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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