Five-Week High

“Lumber futures for March delivery rose 2.2 percent to $387.40 per 1,000 board feet by 7:43 a.m. in Chicago. The price earlier rose to $389, the highest for a most-active contract since Dec. 28. Trading volume was 286 percent higher than the average of the past 100 days at this time of day, according to data compiled by Bloomberg.”
Lumber Extends Rally to Five-Week High on Demand Gains, Beetle

“There is the strong increase in U.S. construction, Canada shipping volumes to China, and problems in raw material supplies, especially in British Columbia. Altogether if we are looking forward, the market for softwood lumber is going to be stronger and stronger.”
– Lars-Goran Olsson – Woodstat, a forestry analysis company in Sweden

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