Where are lumber markets going? Some insist prices will be up this summer, some say maybe down a bit. The only certainty is its lack, and that lack of clarity is in abundance because today's lumber market is unlike previous incarnations.
Currently, spot prices are just over $1,000 per thousand board feet. Futures markets, the bets on where prices will land over the next few months, closed out last week at $935.60. It would sound like prices were heading down. But, again, current conditions are causing a lot of cloudiness in crystal balls.
"There are so many extenuating factors going on," Mike Wisnefski, CEO of MaterialsXchange tells GlobeSt.com. These include supply chain issues, the Russian-Ukraine War that has resulted in sanctions and an effective end to lumber exports from Russia.
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