There was little to inspire or motivate traders in the lumber market yesterday. Weak prices and uninterested clients made selling difficult. The general feeling in the market though is that clients are busy, overall inventories are low, and many point to an upcoming need. The feeling is that a round of buying is imminent and prices will firm up if not rebound. Trader sentiment is, if this does happen, it will be too late to react. Prices will be higher, or products will not be available. There are choices and opportunities in the marketplace now. So, this begs the question, why wait?
9 Likes