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Headline:               DJ Article ID: ( 20141230DN006177.xml )
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<FONT FACE="Arial" class="NormalMinus1"> <pre> By Kelsey Gee </pre> <p> CHICAGO--U.S. lumber futures settle narrowly lower for a third consecutive session Tuesday, falling to a two-week low as traders watched for signs of demand in the weeks ahead. </p> <p> January lumber futures fell $1.00, or 0.3%, to $335.70 per 1,000 board feet on the Chicago Mercantile Exchange. Lumber for March slid $1.70 to $332.70 per 1,000 board feet. </p> <p> Market watchers noted that, following a flurry of orders placed ahead of the Christmas holiday for wood to be shipped in January, trading activity remains light, as investors search for signs of fresh demand. </p> <p> The January contract remains in-line with prices offered in the cash markets, ranging from $335 and $345 per 1,000 board feet, traders said, keeping futures in a narrow range. Cash and futures typically converge near the front-month contract's expiration, which takes place in just a few weeks. </p> <pre> </pre> <p> Write to Kelsey Gee at kelsey.gee@wsj.com </p> <pre> </pre> <p> Subscribe to WSJ: http://online.wsj.com?mod=djnwires </p> <pre> </pre> <p> (END) Dow Jones Newswires </p> <p> December 30, 2014 15:43 ET (20:43 GMT) </p> <p> Copyright (c) 2014 Dow Jones & Company, Inc. </p> </FONT>
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