The Lumber Chronicles: Margin Up, Limit Down

If the CME's mission with its Lumber margin hike last night...

 

...was to make lumber more affordable and thus force it into the hands of homebuilders who otherwise wouldn't touch it 10% higher, it has succeeded: lumber just dropped by the daily 10% limit.

 

The disconnect continues...

 

 

Charts: CME and Bloomberg

Comments

No comments yet! Be the first to add yours.