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“Lumber futures for November delivery rose the CME’s $10 daily limit, or 4.5 percent, to $232 per 1,000 board feet as of 9:12 a.m. in Chicago. That’s the highest price for a most-active contract since Sept. 14.”
The recent recovery in lumber prices keeps the uptrend from the early 2009 lows intact and suggests that the highs in April will give way sooner than later.
