37 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