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May 20, 2021
US lumber prices bounce back after 7 days of continuous fall
US lumber futures are trading higher Wednesday for the first time in eight days as buyers emerge following a sharp seven-day selloff that dropped prices by as much as 29%. Random length lumber futures for July delivery traded up 3.57% at $1,309.10 per thousand board feet after falling to $1,201 earlier in the session. The commodity closed at a record high of $1,686 on May 7. "You're starting to see some indications that the supply-demand imbalance is correcting," said Shawn Church, chief editor at ...
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