Markets

West Fraser Timber May Be Stock To Watch Amid Reports Lumber Prices May Tumble

West Fraser Timber Co Ltd (WFT.TO) may be a stock to watch as Bloomberg cites Forest Economic Advisors LLC as saying that lumber futures may tumble as much as 25% from a seven-year high as output increases in Canada, the world's biggest exporter.

The price may touch US$300 per 1,000 board feet in 2013, Paul F. Jannke, a principal at the consulting company, said in a telephone interview on Dec. 27. In mid-October, he correctly forecast the rally. Futures on the Chicago Mercantile Exchange on Dec. 26 reached $399.50, the highest since April 2005.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos