Lumber prices have lost ground over the last six weeks, with prices down 17% off their March 14 highs. This puts futures into oversold levels, and the price seems to be finding support just under $330 ...

Lumber is a wild futures market. Before 2018, the all-time high in the lumber futures market was in 1993 at $493.50 per 1,000 board feet. In May 2020, the price reached a record $1711.20 high, which ...

I last wrote about the Chicago Mercantile Exchange’s lumber futures market on March 21. In the article “Lumber Watches the Economy While We Watch Lumber Prices,” I wrote, “Over the past weeks, the ...