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re: Lumber prices are set for a shakeup with the rollout of new futures contracts

Posted on 7/24/22 at 6:19 pm to
Posted by Purple Spoon
Hoth
Member since Feb 2005
18050 posts
Posted on 7/24/22 at 6:19 pm to
So is this good or bad for the privacy fence I’m planning.
Posted by MRTigerFan
Baton Rouge
Member since Sep 2008
4390 posts
Posted on 7/24/22 at 6:22 pm to
quote:

knew a homeless man that once bankrupted two brothers trading orange juice futures

And pork belly
Posted by gaetti15
AK
Member since Apr 2013
13373 posts
Posted on 7/24/22 at 6:22 pm to
I'll trade somebody two woods for a stone...I need to upgrade my town to a city.

or can I now expect to get more than one stone for my two woods?

This post was edited on 7/24/22 at 6:23 pm
Posted by GeauxTigers123
Member since Feb 2007
1441 posts
Posted on 7/24/22 at 6:26 pm to
I figured it sounded like a movie reference.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
66237 posts
Posted on 7/24/22 at 6:26 pm to
Posted by LegendInMyMind
Member since Apr 2019
55593 posts
Posted on 7/24/22 at 6:52 pm to
I have a great uncle who made a small fortune selling dirt. He sold a bunch of land that was intended for development (commercial and residential). The buyer/developer tried to force him off of the land well ahead of the agreed deadline. He didn't care for it. So, my uncle set up a shack and started selling dirt. Day and night dump trucks ran in and out of the property. By the time the transaction was finalized and the new owner/developer took possession of the land, the land was a valley.

People from the area would know the land. It is/was the eventual site of a minor league baseball stadium, among other things.

They tried to sue him, but failed. He was still the legal owner and there was nothing in the contract about the dirt/soil.

ETA: That has nothing to do with lumber futures, but the talk about dirt gave me a flashback.
This post was edited on 7/24/22 at 6:54 pm
Posted by Bayou
Member since Feb 2005
37061 posts
Posted on 7/24/22 at 6:58 pm to
quote:

“Wood”

Posted by touchdownjeebus
Member since Sep 2010
24851 posts
Posted on 7/24/22 at 6:59 pm to
quote:

Is this a movie reference or a real story?


GFY Mortimer.
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
65057 posts
Posted on 7/24/22 at 7:02 pm to
quote:


I have a great uncle who made a small fortune selling dirt. He sold a bunch of land that was intended for development (commercial and residential). The buyer/developer tried to force him off of the land well ahead of the agreed deadline. He didn't care for it. So, my uncle set up a shack and started selling dirt. Day and night dump trucks ran in and out of the property. By the time the transaction was finalized and the new owner/developer took possession of the land, the land was a valley.

People from the area would know the land. It is/was the eventual site of a minor league baseball stadium, among other things.

They tried to sue him, but failed. He was still the legal owner and there was nothing in the contract about the dirt/soil.

ETA: That has nothing to do with lumber futures, but the talk about dirt gave me a flashback.



this was actually a very entertaining story and i enjoyed reading it 10/10
Posted by BuckyCheese
Member since Jan 2015
50739 posts
Posted on 7/24/22 at 7:47 pm to
quote:

All commodities are sold this way and have been for decades.


I've heard it called roller lumber. They ship it before it's even sold.
Posted by LSUSkip
Central, LA
Member since Jul 2012
17792 posts
Posted on 7/24/22 at 8:16 pm to
quote:

Can't afford to encase dead bodies these days.


Fishing holes.
Posted by slutiger5
Parroquias de Florida
Member since May 2007
10692 posts
Posted on 7/24/22 at 8:26 pm to
Dirt and lumber apply to mineral rights?
Posted by cypresstiger
The South
Member since Aug 2008
10733 posts
Posted on 7/24/22 at 8:30 pm to
GeauxTigers123

I woodn’t want to be Trading Places with this guy
Posted by DVinBR
Member since Jan 2013
13177 posts
Posted on 7/24/22 at 8:37 pm to
woodn't
Posted by Hank R Hill
Arlen,TX
Member since Jan 2017
471 posts
Posted on 7/24/22 at 8:39 pm to
Morning wood is almost always up compared to most other wood
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36857 posts
Posted on 7/24/22 at 8:49 pm to
quote:

wood
Posted by tiggerfan02 2021
HSV
Member since Jan 2021
2964 posts
Posted on 7/24/22 at 9:18 pm to
quote:

Wood shouldnt be a commodity any more than dirt is.



Considering that wood is used to build things, and dirt is not...
then yes, it should.
Posted by slutiger5
Parroquias de Florida
Member since May 2007
10692 posts
Posted on 7/24/22 at 9:25 pm to
Dirt is used to build things.
Posted by Penrod
Member since Jan 2011
40268 posts
Posted on 7/24/22 at 9:33 pm to
quote:

Wood shouldnt be a commodity any more than dirt is.

Wood is exactly a commodity. It’s an agricultural commodity.
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29844 posts
Posted on 7/24/22 at 9:39 pm to
So does this mean wood prices are finally coming down to non-insane levels?
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