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August 15, 2022

N. American lumber futures bounce back as Canada cuts output

N. American lumber futures bounce back as Canada cuts output
     West Fraser shutters 2.5% of its North America capacity     Lumber prices may have reached bottom for now    Supply cuts from a top Canadian producer are sending lumber prices on a rally even as rising interest rates put a chill on housing markets.    Lumber futures rose for the third straight session Wednesday to $601.80 per 1,000 board feet on the Chicago Mercantile Exchange. That’s the highest intraday price since July 22 and the longest rally since July 1.  The ...

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