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.
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Technical Analysis Lumber Futures
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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:
- West Fraser Timber Co Ltd - 8.46 million cubic meters per year. Canada, shares on the Toronto Stock Exchange (ticker - WFT).
- Canfor - US$6.9 million, shares on the Toronto Stock Exchange (CFP).
- Weyerhaeuser – $6.45 million, NYSE (WY) listed shares.
- Stora Enso - 4.65 million Finland-Sweden, shares on the Helsinki Stock Exchange (STERV).
- Georgia Pacific - 4.3 million US dollars.
- Resolute Forest Products - US$4 million.
- Interfor - 3.55 million Canada shares on TSE (IFP).
- Sierra Pacific Industries – US$3.2 million.
- Hampton Affiliates - US$3.1 million.
- Arauco - 2.8 million Chile.
TOP-10 lumber exporters:
- Canada - $8.2 billion (20% of the market).
- Russia - $4.5 billion (10.9%).
- USA - $3.7 billion (8.9%).
- Sweden - $3.3 billion (7.9%).
- Germany - $2.5 billion (6%).
- Finland - $2.2 billion (5.3%).
- Austria - $1.7 billion (4.2%).
- Thailand - $1.2 billion (3%).
- Chile - $0.945 billion (2.3%)
- Malaysia - $0.905 (2.2%).
TOP 10 countries by forest area:
- Russia - 8.149 million square kilometers.
- Canada - 4.916 million
- Brazil - 4.777 million
- United States - 3.1 million
- China - 2.08 million
- Australia - 1.25 million
- DR Congo - 1.172 million.
- Argentina - 945 thousand people
- Indonesia - 884 thousand
- 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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