Lumber Approaches The Low - Buying CatchMark Timber Trust On The Dips Offers Exposure To The Price Of Wood [Seeking Alpha]
CatchMark Timber Trust, Inc. Class A (CTT)
NASDAQ:AMEX Investor Relations:
catchmark.com
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Source: Seeking Alpha
Lumber Approaches The Low - Buying CatchMark Timber Trust On The Dips Offers Exposure To The Price Of Wood Summary What a difference a year makes - a record last May. The price of lumber reached a low in October 2018. Lumber should rally on mortgage rates. Infrastructure rebuilding would support the price of wood. CatchMark Timber Trust pays while you wait - buying the dip in wood prices. I never recommend trading lumber futures because of the lack of liquidity in the lumber futures contracts on the Chicago Mercantile Exchange. However, lumber is a critical commodity when it comes to construction and building all over the world. The current level of open interest in the lumber market, which is the total number of open long and short positions, stood at only 4,061 contracts on May 23. On a typical day, fewer than 1,000 contracts change hands, and many days the volume is under 500 contracts. However, lumber is an industrial commodity when it comes to building infrastructure and new home
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