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November 22, 2021

Lumber prices jump as storm blocks British Columbia’s roads and rail

Lumber prices jump as storm blocks British Columbia’s roads and rail
Washed out roads and blocked rail tracks in Canada’s westernmost province are fueling a lumber price rally as key supplies risk being stuck just as home builders start piling up materials. Lumber futures in Chicago jumped 6.3% to $757 per 1,000 board feet on Thursday, the highest since Oct. 25, after a once-in-a-century storm forced British Columbia to declare a state of emergency.    The extreme deluge washed away and blocked parts of the province’s main highways, closed the tracks of Canada’s two major railways, flooded many areas and ...

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