Volatility that characterizes global financial market activity seems less pronounced in North American lumber markets these days. While winter weather contributes to a pause this week in especially Northeastern jobsite activity, there is evidence of general price support as reflected in mill order files. Despite unseasonably active markets, the Framing Lumber Composite Price has drifted sideways since the October 12th expiry of the SLA ($311 Oct 13 vs $313 today). A weak Canadian dollar has so far helped keep a lid on significant US price increases. Dealer hand-to-mouth buying patterns and pressure on timely deliveries also suggest the memory of last year’s market collapse still lingers.
In keeping with the preservation of old growth timber these days, now comes word Random Lengths is searching for the industry’s oldest active lumber trader. According to Random Lengths, candidates “must work full time in the U.S. or Canada, and spend at least half their time buying and/or selling lumber or panels”. It’s been suggested that at minimum, applicants should demonstrate a vague recollection of their last sale and/or purchase.