Lumber prices have continued to trend downward as demand for the hot commodity cools after a record-breaking rally. Lumber futures for September were at $712.90 per thousand board feet, falling 5.6% after closing Monday on the CME. That descent has brought prices down 0.6% for the year, erasing all gains seen in 2021. Lumber prices have been rapidly declining since hitting their peak of $1,686/mbf on May 07. Let’s hope this trend continues!
Full Article here: Are lumber prices finally going back to normal?
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