Since lumber is in the news, seems like a good time to revisit one of my favorite trading anomalies -- front month lumber futures returns by day of week.pic.twitter.com/SMrBU50voy
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only thing I can think of is industry pricing publications come out Friday morning. You get a good feel for what that number will be and if futures are cheaper, they get bought? idk
I spoke to a physical lumber trader once in Vancouver about this when hanging out with @mariesleaf and he paused and replied “hm honestly Wednesday is often a rough night for the boys, eh?”
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