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The Water Cooler
General Discussion
Lumber Prices Record Biggest Weekly Drop Ever
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<blockquote data-quote="OHJEEZE" data-source="post: 3608345" data-attributes="member: 47878"><p>Do not forget all the futures traders at the Chicago Merchantile Exchange that are trying to profit from the lumber price.</p><p></p><p>There are many futures traders that have no desire or the means to take delivery of the contract they are buying!</p><p></p><p>They only exist there to buy a contract and hope the price goes up, then sell it before it ends.</p><p></p><p>A bunch of futures traders can really jack the price up!</p></blockquote><p></p>
[QUOTE="OHJEEZE, post: 3608345, member: 47878"] Do not forget all the futures traders at the Chicago Merchantile Exchange that are trying to profit from the lumber price. There are many futures traders that have no desire or the means to take delivery of the contract they are buying! They only exist there to buy a contract and hope the price goes up, then sell it before it ends. A bunch of futures traders can really jack the price up! [/QUOTE]
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The Water Cooler
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Lumber Prices Record Biggest Weekly Drop Ever
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