Replies to post #78282 on Savvy Trades and Investments

[cliffvb]

RFP I hold some shares in this one too. I've been watching lumber prices closely. Futures have been trading lower in spite of many home builders reporting record orders. TOL recently reported that orders in August and into mid September were up 110% yoy. November lumber futures are at $545 which can be partially explained due to slower construction activity in northern climes. But March 21 futures last traded at 421 and Sept 21 futures last trade was at 403. This compares to the expired Sept 20 contract which traded up to nearly 1,000. That is a real head scratcher to me although lumber futures lack liquidity with low trading volume.

I expect lumber prices will again rise dramatically next year as we get into next spring's active building season.