Updated Lumber CFTC #’s along with market commentary as of 10/17

Lumber Futures

Please see the CFTC COT Lumber #’s as of 10/11/2022 (disaggregated) below.  My two cents suggest the funds will roll 2/3’s plus from Nov to Jan, there is no fundamental reason outside of profit taking for the funds to bail on their net short position.  They simply roll into Jan versus liquidate their aggregate net short…

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