[Shop-talk] Retail pricing of lumber?

[Donald H Locker]

My experience is that prices will rise until I make a major purchase. If
I wait, the price will rise more. So wait a day or two after I buy
something; prices will then drop dramatically and you can score good
lumber at great prices!

Donald.
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On 2020-09-09 3:15 p.m., Ian McFetridge wrote:
> Hi Jim,
> 
> Unfortunately, it's a bit like gasoline (fast to raise prices, but slow
> to lower them).  From my experience, the lumberyard raises prices when
> they see their ordering costs increase (like the gas station raising
> prices between refills, not just when they get a new tanker).  I was a
> derivatives trader and my old colleagues are calling this a crazy
> increase in lumber prices that they do not expect to stay this way
> through the winter.  I would watch the price and then call around as you
> see it coming down.  You can watch the lumber prices here: (look at the
> front contract (Sep now).  
> https://www.cmegroup.com/trading/agricultural/lumber-and-pulp/random-length-lumber.html  
> 
> Best,
> Ian
> 
> On Wed, Sep 9, 2020 at 2:47 PM Jim Franklin <jamesf at groupwbench.org
> <mailto:jamesf at groupwbench.org>> wrote:
> 
>     Treated decking lumber has gone up another 50% in the past few
>     weeks. Does retail pricing follow the cost of the inventory when it
>     was purchased, or is it based on the cost of inventory if it were
>     purchased today? If I wait until January when (theoretically) fewer
>     people are building decks and teh wholesale price (theoretically)
>     comes down, will my cost be based on the January wholesale price, or
>     on the September wholesale price?
> 
>     I have been priced out of finishing my deck so I'm spending my time
>     thinking instead of building.
> 
>     jim
>     _______________________________________________
>