US lumber prices have seen a sharp rise, driven in part by the Federal Reserve's recent interest rate cut and a significant drop in supply. Meanwhile, demand for wood in North America is surging, contributing to the upward price trend. The start of the week brought optimism to sellers in Eastern Canada as demand picked up, prices climbed higher, and most sawmills rejected counter offers. With more buyers entering the market each day, sensing a shift in market dynamics, many sought to lock in purchases before prices rose further. By the end of September, US lumber prices ...