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October 9, 2018
Softwood lumber prices in US continue to drop sharply
Downward momentum eased in some framing lumber species in US. But even with quarter-end pressure to sell behind them, producers in the West continued to open to steep counters to draw in orders. Deep cuts were more spotty, but a few remained in the $30-50 range. The Random Lengths Framing Lumber Composite Price fell an additional $16 for the week. Traders noted that the downturn was the most severe they have seen in their careers, and an analysis of the plummet backed that up.   ...
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