Lumber prices keep … lumbering along. Up some, down some, but look at the graphs that there seems to be a pattern. For a while now, about every month to two months, spot prices reverse directions.
"Within the lumber market, buy cycles typically last between 5-7 weeks," says Ashley Boeckholt, chief revenue officer of MaterialsXchange, which became part of Mickey in September. "The market bottomed about 5 weeks ago and, in more recent weeks. We noticed prices inching upwards again. When it comes to lumber spot prices, they usually lag futures a little."
But the frequent reversals at those buy cycles are a fairly new dynamic, says Scott Reaves, director of forest operations at Domain Timber Advisors.
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