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Is wood a commodity and is it traded on the stock market?
Who sets the price for lumber?
3 Answers
- 1 decade agoFavorite Answer
Wood is indeed a comodity (lumber). Lumber Futures contracts are traded on the Chicago Mercantile Exchange under ticker symbol LB and are delivered in January, March, May, July, September, and November of ever year.
Source(s): www.tdameritrade.com - Joe SLv 51 decade ago
Traders set the price for the futures contracts based on supply and demand. More eager buyers will drive the price up and lots of frantic sellers will push the price down.
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