Lumber Loses Luster, but Long-Term Looks Better
By Aaron Fennell • May 27th, 2010 • Category: Broker Commentary, Market Updatesby Aaron Fennell
The debt crisis in the Eurozone has spooked investors, creating downdrafts in many commodity markets, including lumber. Fears of a global double-dip recession are damaging the market, and CME lumber futures fell their trading price limit of $10 two days in a row, settling at $225 per thousand board feet on Wednesday, [...]
