Lumber Futures

Lumber (LBS) Price Online | Random Length Lumber Futures Quotes
How much does lumber futures cost on the commodity exchange - price on the online chart, exchange rate forecast and analytics. Description of lumber futures and trading hours. The Lumber Futures online chart shows the current price of this instrument and its change in real time. Dozens of indicators (both standard and custom) are available here, which makes it easier to make forecasts for lumber futures. Lumber ($LBS) is an exchange commodity. Contracts are concluded on CME, NASDAQ and other commodity and futures exchanges. Financial markets offer a wide range of tools for investing and earning in lumber: futures, option, ETF, CFD, index, producer shares on stock exchanges.

Simple and lightweight Random Length Lumber Futures Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our Lumber Futures chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!

Technical Analysis Lumber Futures

Random Length Lumber Futures Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

About Random Length Lumber Futures

Lumber is made from wood. To get a board, beam, sleepers or other type of lumber, wood (round timber) is processed at sawmills using special machines.

The scope of application is very wide, it can be said that no construction is complete without lumber - whether it is the construction of a residential or non-residential building, a school, a cottage, etc. Lumber is also used as sleepers, scaffolding, pallets, etc.

There are many types of lumber, so each commodity exchange that trades this futures lists all its properties in the product specification. So buyers clearly understand what product they are offered - whether it suits them or not.

Well-known exchanges for the sale of CME lumber futures (random length lumber) and NASDAQ (same contract).

Exchange units of weight: pounds, troy ounces or kilograms (tons). Exchange measures of volume: barrels, bushels or bales.

There are also other measures more appropriate for certain products. For example, on the CME exchange, lumber is traded at nominal board feet. Each contract involves the supply of 110 thousand nominal board feet, which is equivalent to approximately 260 cubic meters.

Since the 1990s, the sawn timber market has been subject to frequent price fluctuations without growth in the long term. After each jump in price up, a rollback followed.

The largest producers of sawn timber, their exporters and exporters of round timber are countries in whose territory huge areas of forests are located. These are Canada, Russia, Brazil, USA, etc.

TOP 10 lumber companies:

  1. West Fraser Timber Co Ltd - 8.46 million cubic meters per year. Canada, shares on the Toronto Stock Exchange (ticker - WFT).
  2. Canfor - US$6.9 million, shares on the Toronto Stock Exchange (CFP).
  3. Weyerhaeuser – $6.45 million, NYSE (WY) listed shares.
  4. Stora Enso - 4.65 million Finland-Sweden, shares on the Helsinki Stock Exchange (STERV).
  5. Georgia Pacific - 4.3 million US dollars.
  6. Resolute Forest Products - US$4 million.
  7. Interfor - 3.55 million Canada shares on TSE (IFP).
  8. Sierra Pacific Industries – US$3.2 million.
  9. Hampton Affiliates - US$3.1 million.
  10. Arauco - 2.8 million Chile.

TOP-10 lumber exporters:

  1. Canada - $8.2 billion (20% of the market).
  2. Russia - $4.5 billion (10.9%).
  3. USA - $3.7 billion (8.9%).
  4. Sweden - $3.3 billion (7.9%).
  5. Germany - $2.5 billion (6%).
  6. Finland - $2.2 billion (5.3%).
  7. Austria - $1.7 billion (4.2%).
  8. Thailand - $1.2 billion (3%).
  9. Chile - $0.945 billion (2.3%)
  10. Malaysia - $0.905 (2.2%).

TOP 10 countries by forest area:

  1. Russia - 8.149 million square kilometers.
  2. Canada - 4.916 million
  3. Brazil - 4.777 million
  4. United States - 3.1 million
  5. China - 2.08 million
  6. Australia - 1.25 million
  7. DR Congo - 1.172 million.
  8. Argentina - 945 thousand people
  9. Indonesia - 884 thousand
  10. India - 708 thousand

Lumber remains a sought-after commodity and in the near future its position will not be shaken. The lumber rate for today is a good opportunity to earn money through short, medium and long-term trading.

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Lumber ($LBS) Futures Prices in a Historic Double Correction - Elliott Wave Forecast

Lumber, also known as timber, is a type of wood that has been processed into beams and planks. One can trade it in form of Random Length Lumber futures and options at Chicago Mercantile Exchange within the agriculture asset class under the ticker $LBS.

In 2020, we saw commodities turning higher. Since January 2021, rally in US Dollar executes pressure on commodity prices in general and on agriculture prices in particular. As a matter of fact, the lumber saw the ups and downs. In May 2021, it has printed the all-time highs at 1711.2.

Then, it has seen the low in August 2021 at 448. In the last article from November 2021, we have expected a rally to happen. Indeed, the lumber prices reached higher towards 1477.4 in March 2022 without breaking to new all-time highs. Now, we see a larger correction taking place. Here, we provide an updated view of a historic double correction against the zero level.

Lumber Monthly Elliott Wave Analysis 10.19.2022

The monthly chart below shows the lumber front contract LBS #F. From the all-time lows, the prices have developed a cycle higher in blue wave (w) of a super cycle degree. It is a choppy and overlapping structure in series of 3. Therefore, the best count is to see the advance towards May 2018 highs at 648.5 as a double three pattern.

From there, a correction lower in wave (x) has ended in April 2020 at 251.5. From the lows, a break to the new all-time highs has confirmed a new cycle higher in blue wave (y). Hereby, wave (y) has extended in 3 impressively strong swings towards the new all-time highs in May 2021 at 1711.2.

From the all-time highs in May 2021, a pullback in wave (a) has brought the prices down to 448 lows. The timber has lost 74% off the highs in only 3 months. From the lows, the bounce in wave (b) has failed below May 2021 highs. Now, wave (c) of ((x)) is still in progress and it provides a historic opportunity to enter the market for long term investors.

For 2023-2030, the expectations are to see the end of the consolidation and more upside within a new cycle as black wave ((y)). Investors should target 1711.2 highs and beyond in the long run.

Lumber ($LBS) Futures Prices in a Historic Double Correction - Elliott Wave Forecast

Lumber Daily Elliott Wave Analysis 10.19.2022

The daily chart below shows in more detail the pullback from the all-time highs within black wave ((x)). From the high at 1711.2, the decline is an Elliott wave zigzag pattern being a 5-3-5 structure. Firstly, blue wave (a) has printed a bottom at 448 low in August 2021. Secondly, three swings of a blue wave (b) have set a connector at 1477.4 in March 2022. Then, a decline in blue wave (c) has broken 448 lows opening up a bearish sequence. Now, the prices should extend lower to complete the sequence.

Investors and traders can be looking to buy $LBS from 216.5-0.0 area for a rally targeting 1711.2 highs and beyond in the long run.

Lumber ($LBS) Futures Prices in a Historic Double Correction - Elliott Wave Forecast

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