Westline Capital Strategies (WCS) is pleased to announce the addition of Mike Wisnefski as Vice President of Innovation.
Bringing 25+ years of expertise in commodity trading and market innovation, Wisnefski will drive Westline Capital’s industry leadership in lumber risk management. His focus will span both the established CME softwood lumber futures contract and the highly anticipated Southern Yellow Pine (SYP) futures, set to launch March 31, 2025.
With deep expertise in market innovation, risk management, and technology-driven trading strategies, Wisnefski strengthens Westline Capital’s ability to keep its clients ahead in this evolving market. His extensive background in fundamental and technical analysis, risk management, speculative trading, and physical lumber cash trading makes him a key asset as the firm navigates a transformative period in lumber futures.
Southern Yellow Pine Futures: A Game-Changer for the Lumber Industry
The introduction of SYP futures arrives at a pivotal moment, as rising Canadian lumber export taxes continue to create volatility in traditional benchmark prices. With over 36% of North America’s softwood lumber production now concentrated in the U.S. South, Southern Yellow Pine has become an essential component of the lumber supply chain.
“The launch of Southern Yellow Pine futures is a game changer for the lumber industry, offering a truly transparent pricing mechanism that reflects the realities of the SYP market,” said Mike Wisnefski. “At Westline Capital, we are committed to helping our clients capitalize on this opportunity by developing innovative, data-driven trading strategies that mitigate risk and enhance market efficiency.”
Greg Kuta on Wisnefski’s Appointment:
Westline Capital Strategies CEO Greg Kuta expressed strong optimism about the company’s future with Wisnefski joining the leadership team.
“Mike’s extensive experience in lumber futures, cash trading, and technology-driven strategies will be instrumental in enhancing risk management solutions for the softwood lumber and building industries across North America and Europe,” said Kuta.