Lumber Futures Drop Sharply On Slowing Demand

• Lumber prices have decreased significantly according to market reports.
• A total of 1,282 lumber contracts were sold on Friday across major commodities exchanges.
• There were 6,839 open lumber contracts at the end of trading on Friday, signaling weakening demand.
• The 1-month London Interbank Offered Rate (LIBOR) rose slightly to $3 million, indicating tightening credit conditions.
• There were no open contracts for U.S. Treasury bills or Eurodollars, pointing to risk aversion among investors.

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