Futures?

[Larry Caldwell]

In article <35E367ED.C74E748C at olympus.net>, mhagen at olympus.net says...

> $52 to $57 per ton here for WH and DF pulp and they're fighting over it.
> Yee Haw!

Sounds like somebody got caught short meeting some futures.

Out of curiosity, is there anywhere that wood products are traded on an 
open commodities market?  Can you go out and buy 100,000 tons of long 
grain pulp futures, or is all of it private contract?

I confess I don't understand lumber marketing at all.  My brother-in-law 
is a buyer for a lumber yard.  Last spring he told me wholesale lumber 
prices doubled in about a 6-week period, while I was watching a steady 
decline in log prices.  

Anybody know anything about this?

-- Larry