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Thursday, April 20, 2006

Lumber Futures Have Been A Laggard

Bulls growing fond of Lumber: Lumber futures have been a laggard in the recent commodity bull trend, with concerns of a weaker US housing market weighing on prices. Now there are signs that the trend may be about to change. Traders shook off yesterday's disappointing housing-start estimate for March, which came in at a seasonally adjusted 1.960 million units, down 7.8%. Read More....