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July 23, 2020
North American prices of softwood lumber continue upward trend as demand flows East
Unabated purchasing of North American construction framing softwood lumber moved prices higher last week, as customers turned to the eastern market. Buyer dismay at record-high Western S-P-F prices brought significant demand for Eastern S-P-F, with those prices responding upward accordingly. Confusion reigned throughout the marketplace, with the closing of July lumber futures contract on the Chicago Mercantile Exchange - also at record highs - providing no clarity. The fact was that end-users needed wood, so producers and secondary suppliers alike could only pick through their weak inventories to ...
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