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Barchart
Barchart
Andrew Hecht

Why is Lumber Stuck in Neutral?

Wood WY United States

In a May 2 Barchart article on the wood futures market, I concluded:

Lumber is in a bearish trend in May 2024, and the trend is always your best friend. The path of least resistance of physical lumber futures could depend on the Fed’s monetary policy path over the coming weeks and months. Higher rates will likely be bearish, while rate cuts could ignite an explosive upside move. 

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