Lumber Futures

What we know:   Since Jan lumber made its low of $483 on 10/25, the ensuing rally lasted 23 days (19 up days total) peaking out @ $553 on 11/27 for a $70 rally or a 14.5% move higher from lows to highs. Total OI on 10/25 was 8,922 and on 11/27, TOI plunged to

Please see the attached CME Daily Bulletin PDF below for more information. LBR CME Bulletin Widman cash print WSPF #2&btr 2×4 at 400 Barometer: Bearish -10Open Interest 6366 – 127  Volume 824 + 0 = 824 + 5220 EFR’s – No EFP’s – 0 Block Trades were posted LBR Trade Ranges Alex Mead | Risk

Please see the attached CME Daily Bulletin PDF below for more information. LBR CME Bulletin Open Interest 6493 – 24  Volume 302 + 0 = 302 – 6310 EFR’s – No EFP’s – 0 Block Trades were posted LBR Trade Ranges Alex Mead | Risk Management ConsultantO: 816.410.5769 | C: 816.868.0132www.stonex.com | alex.mead@stonex.com1251 NW Briarcliff | Suite 800 |

Please see the attached CME Daily Bulletin PDF below for more information. LBR CME Bulletin Open Interest 6517 + 60  Volume 933 + 0 = 933 + 6430 EFR’s – No EFP’s – 0 Block Trades were posted LBR Trade Ranges Alex Mead | Risk Management ConsultantO: 816.410.5769 | C: 816.868.0132www.stonex.com | alex.mead@stonex.com1251 NW Briarcliff | Suite 800 |

** Higher ** ** Futures Premium ** ** Roger’s Roll Starting this week ** ** 200 Daily Mover ** ** Seasonal **   Daily Lumber Remarks CME LBR Lumber Futures contract settled moderately higher across the board on carryover light technical momentum buying. Front month Jan. contract kicked off the session flat and notched a