N. American lumber prices surge sharply as Canada wildfires cut sawmills production

N. American lumber prices surge sharply as Canada wildfires cut sawmills production
Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills.    British Columbia declared a state of emergency and Canfor Corp. said it would trim output as the fires snarl transportation and supply chains. Lumber futures jumped more than 7 per centin Chicago.    The rebound extends wild gyrations that took lumber prices from a record high in May on a pandemic-fuelled construction boom to an eight-month low earlier this week after demand eased and supply ...

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