Lumber futures continue their wild ride, trading limit down after going limit up in the previous session. Futures fell the max $48 per 1,000 board feet, off 3.6% to $1,278.70. But lumber prices are still up around 50% year to date and have tripled since the start of 2020. Strong demand for U.S. homes in the midst of pandemic-related supply constraints have been the big factors in the surge in prices. In addition, Canadian pine beetles are spreading across forests in Alberta ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!