Lows In For Lumber

Lows in for Lumber? As the US housing market continues to slow, Lumber futures have been hard hit, losing over $100 per 1,000 board feet since April. During the decline, there was talk that Lumber prices could fall below $200, as demand dwindled. However, no market goes straight down, and Lumber futures surged on Friday, as commodity fund buying and speculative short-covering sent prices up the $10 limit. Read More....