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| More Duties Expected Today |
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| The US commerce Department is expected to release details of a second round of duties today. Anti dumping duties will add to countervailing duties already imposed on subsidized Canadian lumber exports to the US. Analysts expect the number to be north of 10 percent. More on this story can be found in today's Industry News category.
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editor@lbmdaily.com |
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| Futures & Options: Congestion |
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| Contract | Close | Change | Volume | Open Int | | | July 2017 | 363.00 | +2.90 | 273 | 1965 | | | Sept 2017 | 347.50 | +1.20 | 188 | 1423 | | | Nov 2017 | 341.60 | +2.70 | 73 | 626 | | | Jan 2018 | .50.30 | UNCH | 19 | 100 | | | Mar 2018 | 356.40 | UNCH | 1 | 32 | | | May 2018 | 355.30 | UNCH | 1 | 3 | | |
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| Lumber Futures prices posted an inside day on narrowly mixed trade highlighted by featured spreading. The July September spread traded just about half July's volume between 13.10 and 16.60 finishing at 15.50. The market opened slightly higher on profit taking short covering then dipped lower uncovering more buying into the 200 day moving average of 359.30 setting the early low. ...Click here to read the rest of this article. |
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