Just like the new York Stock Exchange, the CME trades commodities and items contracts quite than stocks. How do lumber futures work? Lumber futures contracts are standardized to facilitate trading within the CME. Standardization contains order dimension (sometimes 27,500 board toes), value per thousand board toes (varies) and delivery schedules (particular months). Lumber producers, sawmills or giant development corporations buy and promote these contracts to reduce their publicity to cost volat...

He identified some variations between the nice Recession and the current situation. "Lumber prices now will not be at document lows," he mentioned. The outlook is a blended bag. "Housing stays the core driver for demand for hardwood lumber," said Knol. "Remodeling is a big section for flooring and cabinet manufacturers. Sales of existing homes have fallen over the past a number of years, which is significant because homeowners sometimes rework and purchase new furniture once they purchase a hous...