Stinson Dean - Talking Lumber
The Business Brew
00:00
How to Get Long, but You're Not Hedging.
There's a surplus of lumber in the U.S., but mills are still producing, so it doesn't mean they're shutting down. The spread where the september went off at a hundred dollars cheaper than in november tells you everything you nee to know about how much lumber is in the supply chain. "I'm not hedging because i have an outlook, more so, i'm hedting because i have no idea what's going to happen from a quarter to a quarter basis," he says.
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