If I have an existing spread position opened through the pit market, may I close it through the electronic market?
Yes, so long as it's the exact same market, (size, contract month etc.) it is not a problem.
The US housing industry seems to be in recovery, but lumber prices still rise and fall. Are prices at great values? How will that affect US construction season? Will prices go lower? Will they go higher? If so, when? If so, for how long? Opportunities abound when prices move. But which way --- and when?