Yeah, its a shame the article left off what is probably one of the biggest reasons for the price spike. Speculation. 4x price spikes in a relatively stable commodity aren't explained by simple supply/demand economic factors. The article is a couple of months old and we can now see the speculative bubble unwinding.
Down 8% two days ago. Down over 50% from the peak. No doubt prices will remain above trend for a while, but 4X is just another case of speculative nonsense over-amplifying the realities.
https://markets.businessinsider.com/commodities/lumber-price
Down 8% two days ago. Down over 50% from the peak. No doubt prices will remain above trend for a while, but 4X is just another case of speculative nonsense over-amplifying the realities.