LEONARD LUMBER REPORT: Futures were up $20 for the week
The Lumber Market: Futures were up $20 for the week. It is a market doing a good job in developing price discovery in a chaos environment. Saturday, I was asked to be on a call with an equities team who wanted to know what was causing the uptick. These guys a very inflation sensitive. I explained that between the CVD, AD and, tariffs prices from Canada will be going up. To what level remains to be seen. They were quick to point out that the US and European capacity could be increased. I pointed out that the quarters it would take ...
AG MARKET UPDATE: APRIL 29 – JUNE 13
Corn continues to struggle with any rallies as you can see in the chart below every recent high is lower than the previous. The June 12th USDA report was lackluster with no real changes and not enough good news to give the bulls help. With the crop planted, 75% good/excellent, and non-threatening growing weather ahead, the bulls need a weather issue and/or positive trade news to change the direction of the market. The next major report is the June 30th Stocks and Acreage Report that tends to cause some volatility. Via Barchart Soybeans received great news to end the week ...
Grain Elevator Strategies Amid Market Volatility: What Producers Need to Know
In today’s uncertain commodity landscape, the grain elevator remains a vital tool for managing harvest logistics, marketing strategies, and price risk. Whether you’re delivering to a local co-op or negotiating bids from commercial grain elevators, understanding how these facilities operate—and how they fit into your overall grain marketing plan—has never been more important. What Is a Grain Elevator? A grain elevator is a facility that stores and sometimes processes grain before it is sold to domestic or international buyers. These elevators play a critical role in the grain supply chain, acting as both storage hubs and pricing intermediaries. Most elevators ...
LEONARD LUMBER REPORT: 2025 has been a year of the announcement
The Lumber Market: 2025 has been a year of the announcement. Each causing rallies. There are no supply issues or a demand push that rallies the market. The rallies are triggered by fear of less wood or higher priced wood. Neither have come into play yet, but the fear is real. That said, we are seeing each rally carrying considerably less weight than the last. My thought is that every time we get some type of verbiage thrown at us the trade steps up. It has been the same way for 3 years now. The buyers are adding to the pile ...
LEONARD LUMBER REPORT: It was a good week for July futures as the cash attempt to bottom helped support it
The Lumber Market: It was a good week for July futures as the cash attempt to bottom helped support it. July's struggle today is its premium to cash. While there is a good amount of time left, the month can only get so far away from it. Futures tend to carry about a $30 premium to cash early in the cycle. It has been much greater in the recent past, but today's appetite for risk is limited. The producer side of the industry will again try to rein in supply. Over the years they have not been able to limit ...
