We have multiple reasons to believe that lumber futures are being accumulated heavily here in 2023, with a very large spike in volume. And if you look at volume profile, you will see that a lot of transactions are happening at this price.
I have also confirmed with a local lumber supplier here in the PNW USA that the market for lumber and housing is indeed more bullish than you would think. Not financial advice, DYOR.
I have also confirmed with a local lumber supplier here in the PNW USA that the market for lumber and housing is indeed more bullish than you would think. Not financial advice, DYOR.
