Lumber, ready to pounce?

This market is showing signs of weakness. I hear multiple locations that mills do not want to accept lumber shipments as lumber producers try to alleviate alledged shortage. Whom is making money off near record prices? How many people did not have hurricane insurance. Lots of moving parts here as well. (this sat as a draqft hours but was tweeted this am.)

Are they front running Insurance company claims? Nov expired.Thinking out loud.

This may go fast but remarkably have traded the charts for a tiny thin contract. If you need trading ideas like these where I look for fast vertical setups that can be added to your portfolio maybe a 2nd account?

Always use a tight stop. It's an old fashion grain trader rule, and a good one. If not a chartist, check if mkt hits lines and turns? That's HFT strategy you need to know

Lumber 111717

Next Webinar signup should be interesting if you like large vertical moves. That's what I seek for clients.

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Feel free to call if your looking for new ideas in markets recently that have posted 10-12% moves in mere months. This is just warming up. Inflation theme is favored but on sharp breaks, like WK 447 1/8 now twice tested. Lots to say about grains. Bean oil, wheat and corn. Sell a few against on rallies.

Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.


Alan R. Palmer

Sr. Strategist

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