Lumber Continues To Tumble:

Lumber continues to tumble: Most-active November Lumber futures continue to slide, posting fresh contract lows this afternoon. Weak cash prices and commodity fund selling were the key factors in today's sell-off. The Lumber market started its slide back in January, when fears of a slowing housing market, due to rising interest rates, cast a bearish tone to the Lumber market. The data on home builders has become increasing bearish, with The National Association of Home Builders reporting the lowest reading for its housing index since February 1991 this morning. Read More....