FlowBank

1073 days ago • Posted by William Ramstein

Falling trees... lumber prices descend for 6th day straight

Lumber prices ease further this week despite a relatively high spot price on a historical basis. In the past few trading days the price has fallen about 19% and the futures curve has been in backwardation--which is when the futures prices are below the spot price. Traders should expect the supply constraints to ease and the price to henceforth fall.

Source: Macro Markets Daily

#Commodities
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