It’s unbelievable for this time of year and if someone had predicted it a month ago they would have been met with derisive laughter, but lumber prices were actually up last week as demand increased. This is absolutely unprecedented for the week before U.S. Thanksgiving and sawmills simply do not have enough wood in their yards to sell to ravenous customers. As one large-scale lumber trader put it at the beginning of this week, “Customers who were reluctant to book orders at these new higher prices, when they called back that wood was ...
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