Limited supply sends US softwood lumber prices higher

Limited supply sends US softwood lumber prices higher
    Once again for a very unusual time of year, softwood lumber prices firmed up yet more in late October. Sales volumes were encouraging, especially for the time of year, as sawmills extended order files out four weeks.    Based on the regular historical seasonal cycle, it is not normal for lumber prices to be increasing in autumn. However, this was the case last year. As seen by the graphs attached, the price of benchmark softwood lumber commodity Western S-P-F 2×4 is closely following the trend of last year.   ...

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