CHICAGO, Oct 27 (Reuters) - Chicago Mercantile Exchange lumber futures closed mostly lower on Tuesday in featureless trading, traders said.
* November lumber closed 10 cents lower at $175.50 per thousand board feet, and January down 50 cents at $194.50.
* Traders said players were rolling out of the November into the January and March.
* One trader said futures were close to bottoming out, but a recovery in prices could come only in late 2010.
* Activity in the cash market remained slow, with inventories running low going into the winter period. (Reporting by K.T. Arasu; Editing by David Gregorio)
((ktarasu@thomsonreuters.com; + 1 312 408 8749; Reuters Messaging kumarasamy.thennarasu.reuters.com@reuters.net)) Keywords: MARKETS LUMBER CME (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* November lumber closed 10 cents lower at $175.50 per thousand board feet, and January down 50 cents at $194.50.
* Traders said players were rolling out of the November into the January and March.
* One trader said futures were close to bottoming out, but a recovery in prices could come only in late 2010.
* Activity in the cash market remained slow, with inventories running low going into the winter period. (Reporting by K.T. Arasu; Editing by David Gregorio)
((ktarasu@thomsonreuters.com; + 1 312 408 8749; Reuters Messaging kumarasamy.thennarasu.reuters.com@reuters.net)) Keywords: MARKETS LUMBER CME (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.