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Re: Lumber prices dropping [Re: SundanceMtnMan] #7282482 06/09/21 01:56 PM 06/09/21 01:56 PM
Joined: May 2016 Posts: 3,530 Southern Illinois F Foxpaw trapper
Foxpaw trapper F Joined: May 2016 Posts: 3,530 Southern Illinois	It takes awhile for it to get worked thru the market before the price to come down at the lumber yard. It is possible in thin markets, when it get at or close to first notice day it may not even trade but drop limit down or rise limit up, even in markets that is not too thin. A few days of limit against a trader and he remembers it well. I think the non-reportable amount for lumber is 25 contracts or less, not sure thou. Here is some links that some minght find interest in. On the second link for commitment of traders the link didn't follow thru and where it says corn you need to click and click on softs to get lumber. Sorry bout that. https://hedgefundlawblog.com/cftc-regulation-15-03-reporting-levels.html https://www.cmegroup.com/tools-information/quikstrike/commitment-of-traders-agricultural.html https://www.barchart.com/futures/quotes/LSN21/interactive-chart Last edited by Foxpaw; 06/09/21 02:04 PM.

Re: Lumber prices dropping [Re: white17] #7282500 06/09/21 02:56 PM 06/09/21 02:56 PM
Joined: Jan 2013 Posts: 3,112 7mtns of CENTRAL PA GROUSEWIT trapper
GROUSEWIT trapper Joined: Jan 2013 Posts: 3,112 7mtns of CENTRAL PA	Originally Posted by white17 Lumber futures are up a bit today but the curve going out to January 2022 is dropping. July futures are currently $1190 but January futures are 848. Still quite high White what were they b4?? NRALIFER,PRPA LIFER,HUNTER,FURTAKER

Re: Lumber prices dropping [Re: SundanceMtnMan] #7282502 06/09/21 03:14 PM 06/09/21 03:14 PM
Joined: Mar 2007 Posts: 35,176 McGrath, AK W white17 "General (Mr.Sunshine) Washington"
white17 "General (Mr.Sunshine) Washington" W Joined: Mar 2007 Posts: 35,176 McGrath, AK	The prices we were used to seeing for a long time were in the $300 range Mean As Nails

Re: Lumber prices dropping [Re: white17] #7282511 06/09/21 03:52 PM 06/09/21 03:52 PM
Joined: Jan 2013 Posts: 3,112 7mtns of CENTRAL PA GROUSEWIT trapper
GROUSEWIT trapper Joined: Jan 2013 Posts: 3,112 7mtns of CENTRAL PA	Originally Posted by white17 The prices we were used to seeing for a long time were in the $300 range Thank u sir NRALIFER,PRPA LIFER,HUNTER,FURTAKER

Re: Lumber prices dropping [Re: white17] #7282531 06/09/21 04:40 PM 06/09/21 04:40 PM
Joined: Dec 2006 Posts: 20,087 SEPA L Lugnut trapper
Lugnut trapper L Joined: Dec 2006 Posts: 20,087 SEPA	Originally Posted by white17 Originally Posted by Marty We are getting screwed on this deal...... Is someone forcing you to buy lumber ? Well I'm a residential construction and remodeling contractor so... Eh...wot?

Re: Lumber prices dropping [Re: SundanceMtnMan] #7282543 06/09/21 04:59 PM 06/09/21 04:59 PM
Joined: May 2016 Posts: 3,530 Southern Illinois F Foxpaw trapper
Foxpaw trapper F Joined: May 2016 Posts: 3,530 Southern Illinois	Prices going up shouldn't affect a contractor, if the price is going up charge the customer more. If you locked in a bid then you should have hedged the other leg and you would still have your profit locked in.

Re: Lumber prices dropping [Re: Foxpaw] #7282548 06/09/21 05:25 PM 06/09/21 05:25 PM
Joined: Feb 2015 Posts: 10,679 Iowa T trapdog1 trapper
trapdog1 trapper T Joined: Feb 2015 Posts: 10,679 Iowa	Originally Posted by Foxpaw Prices going up shouldn't affect a contractor, if the price is going up charge the customer more. If you locked in a bid then you should have hedged the other leg and you would still have your profit locked in. Not always that simple. Raising your prices substantially can cause customers to put projects on hold or go elsewhere.

Re: Lumber prices dropping [Re: SundanceMtnMan] #7282559 06/09/21 05:49 PM 06/09/21 05:49 PM
Joined: Apr 2010 Posts: 3,933 Ohio S stinkypete trapper
stinkypete trapper S Joined: Apr 2010 Posts: 3,933 Ohio	And you can pass it on to the consumer. People are building and buying. Some choose to continue. Some hold back. It is all up to you. My brother held off on building his home. Our company continues to build. And the circle continues

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