Weeks

Topic

Assignment / Midterm

1

Introduction – Risk Management and the relevant Financial Tools

2

Lumber Trading in North America

Cash and Futures/Options

#1 – Futures to Forwards (Mar 11)

3

Basis in Lumber Trading

Position Maintenance – Margin, Roll / Exit, EFP, OI / Volume

#2 – Arbitrage (Mar 18)

4

Introduction – Foreign Exchange

FX Risk in Lumber

5

Review

Exchange and OTC Products – FX / Commodities

Midterm (Mar 27)

6

Easter Monday

Speculation using Options

#3 – FX & Options (Apr 8)

7

Pricing Analysis & Forecast

Technology, Data and AI

Final Report (Apr 26)