In a September 26, 2024, Barchart article, I ask if lumber futures consolidation at the $500 per 1,000 board feet level is a gateway to higher or lower prices. I concluded with the following:
The downside risk for lumber prices could be limited around the $500 per 1,000 board feet level, and the upside could be explosive. Lumber futures are dangerous because of their low liquidity, and no ETF or ETN products track physical lumber futures. However, the odds favor higher prices in 2025.
