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March 7, 2022

Russia-Ukraine war aggravated already-soaring N. American lumber prices

Russia-Ukraine war aggravated already-soaring N. American lumber prices
North American umber prices are continuing to surge amid Russia's invasion of Ukraine, and traders could soon see even bigger price swings.    Futures have been on a wild ride since the onset of the COVID-19 pandemic, and they soared to a record high of $1,711 per thousand board feet last May. After tumbling through the spring and summer, they have been rebounding and got a fresh jolt from Russia's war. Since Vladimir Putin ordered troops into Ukraine, prices have jumped 14% to $1,452, putting them just 15% below the all-time ...

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