LUMBER PRICES AT THE YEAR 1993 LEVELS.
From late October 2020 last year to the beginning of May 2021, Lumber prices soared 240%. That's alot of change in raw material prices in a very short time.
The last 50 tradingdays have erased it all, retracing 70% equal to the entire up-move. The story does not stop there.
Did you know that 28 years ago, lumber prices was at the same level as it is today? But we fast forward to 2018 and the historical graph is displayed below.
From May of 2018 (Lumber was a little higher than it is today) to April last year (over 686 calendar days) prices fell as much as 59%. From april 2020 to May 2021 (over 400 calendar days), the prices actually exploded as much as +539%.
Since the beginning of May (now 50 tradingdays), prices have fallen 70% and is back to those famous 1993-levels.
So, as of today Lumber prices have "done nothing in 28 years", but with extreme fluctuations. - Is it time for Lumber prices start climbing steadily higher in the years to come?

This chart show you the daily Lumber Futures prices from Jan 1st 1980 to July 21st of 2021.
Make sure you totally understand the risk in trading futures. Past performance is not future performance.
2021-07-21 11:29 | Longer Term, Lumber