#Lumber thoughts:
seems like we are going to break the all-time high.The industry largely accepts this. $2000/mbf is on everyone's mind.
Why? Some are caught short...again...BUT most folks did good job buying but have gotten absolutely hosed by rail logistics out of Canada 1/x
seems like we are going to break the all-time high.The industry largely accepts this. $2000/mbf is on everyone's mind.
Why? Some are caught short...again...BUT most folks did good job buying but have gotten absolutely hosed by rail logistics out of Canada 1/x
There are stacks of lumber piled up at the producer that are stuck there. 100% of sold, and likely sold at numbers below $1000. But rail cars can't get to the producers to get loaded. Maybe 8 weeks behind now? 2/x
So, spring jobs are starting to call for material. Local lumber yards have to scramble to buy whatever is available in spot markets to buy time to get their cheaper lumber delivered. 3/x
you couple that group of buyers who can't get wood delivers with the group of buyers who are completely naked (no prior lumber on order) and you got a lot of desperate buyers. END
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