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November 19, 2018
US softwood lumber prices on the rise in mid-November
US softwood lumber traders absorbed a heavy news week that sent mixed signals to an uncertain marketplace. However, chief among the newsmakers were producers announcing both temporary and permanent cuts in output that shifted a neutral to bearish read on the market to a more bullish one. Concern about the state of the U.S. housing market, and wet and cold weather engulfing key markets as winter approaches, was widely noted among traders more doubtful about the market’s ability to run upward. This ...
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