The lumber futures contract, which experienced a significant surge in prices and volatility during the pandemic, has its final trading session on Monday. The contract will be replaced by a new lumber-futures contract introduced by CME Group, the exchange operator, in an effort to revitalize trading in the market. To attract a broader range of traders, the new lumber-futures contract represents a truckload of two-by-fours delivered to Chicago, as opposed to a train-car filled with lumber destined for the British Columbia interior. Additionally, the new contract allows for the inclusion of eastern species and ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
