Sawmill orders shrinking a sign that lumber prices might fall soon

Sawmill orders shrinking a sign that lumber prices might fall soon
As May rolled into June and following the dual long weekends of Victoria Day in Canada and Memorial Day in the U.S., lumber prices remained flat like they had been the previous week. However, rumblings emerged which suggested prices might be going down soon. The main indication of this was order files at sawmills which were shrinking from approximately four weeks down to two weeks.    Customers sensed a slight change in the supply-demand balance and thought it was worthwhile to wait before ordering more wood, in case prices actually did fall. As with the ...

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