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August 2, 2021
N. American lumber might rise by 65% by the end of the year
Lumber may have tumbled from its pandemic peak but the stage is set potentially for a 65% rally by the end of 2021. Three factors are behind the outlook: Biden's infrastructure deal, demand for homes, and seasonal trends. "The losses we are seeing over recent months could soon enough bring another major buying opportunity for the bulls," Joshua Mahony of IG said. The price of lumber may have plummeted from its pandemic peak, but the pieces are in place for a rally of up to 65% by the end ...
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