Lumber futures, cash prices climb on Tuesday as November contract expires US$2.10 higher at US$219.60/mbf
November 16, 2011
– Lumber futures and cash prices climbed on Tuesday as the November contract expired, supported by a broad rise in commodities prices, Dow Jones reported on Nov. 15.
The November contract expired up US$2.10 from Monday at $219.60 per thousand board ft. (mbf), while January rose $1 to $227.80/mbf, continuing a recovery from recent lows.
U.S. economic data supported a modest broad increase in stocks on Tuesday, when the Dow Jones industrial average gained 17 points after a day of broad swings. Data showing a surprise 0.5% increase in retail sales fueled by increased spending on autos, electronics and building supplies helped balance investors' concerns about Europe's lingering debt crisis, according to a report by The Associated Press.
The primary sources of this article are Dow Jones, Chicago, on Nov. 15, 2011, and The Associated Press, New York, on Nov., 15, 2011.