This week has seen the highest softwood lumber prices before or after the stratospheric spikes of the pandemic.
Spot market prices reached $686.72 per thousand board-feet in intraday trading on Monday, March 24, according to Trading Economics. By the end of March 26, the price was down to $671.09.
Multiple factors are in play. Supply from Canada has been tight because of wildfires, seasonal logging slowdowns, sawmill closures, and, of course, concerns about upcoming U.S.-imposed tariffs.
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