High demand for softwood lumber in N. America, prices rising accordingly

High demand for softwood lumber in N. America, prices rising accordingly
The dual Canada/U.S. long weekend in mid-February did nothing to slow demand for lumber, with prices rising accordingly. To the amazement of all, the price of benchmark lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr surpassed the all-time high of US$966 mfbm in August 2020.  For the week of Feb. 12, 2021 that price was an amazing US$992 mfbm. Questions abound as to whether this level can be sustained, will the price go up, or when will the price go down. No one knows. The latest U.S ...

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