Robert59
Well-known Member
After record highs, wood prices are plummeting, suggesting highs were just 'temporary shocks'
Chris Skidmore's fence is finally getting built. Per KTVB, the homeowner in Boise, Idaho, had planned one for his yard back in March, but due to a lumber shortage and resulting higher prices, he was soon informed the company he'd hired had run out of wood. Now, his project is back on the schedule for July as "lumber prices are falling back to earth," reports the Wall Street Journal. After a two-week decline, futures for July delivery ended Tuesday at $1,009.90 per thousand board feet—a 41% drop from the record of $1,711.20 in early May. Cash lumber prices are also falling.
https://www.newser.com/story/307436/after-hitting-record-highs-lumber-prices-are-falling-fast.html
Chris Skidmore's fence is finally getting built. Per KTVB, the homeowner in Boise, Idaho, had planned one for his yard back in March, but due to a lumber shortage and resulting higher prices, he was soon informed the company he'd hired had run out of wood. Now, his project is back on the schedule for July as "lumber prices are falling back to earth," reports the Wall Street Journal. After a two-week decline, futures for July delivery ended Tuesday at $1,009.90 per thousand board feet—a 41% drop from the record of $1,711.20 in early May. Cash lumber prices are also falling.
https://www.newser.com/story/307436/after-hitting-record-highs-lumber-prices-are-falling-fast.html