FOREST PRODUCTS MARKETS and ECONOMIC UPDATE Q3 2024
Commodity lumber and plywood saw appreciation over the quarter, with both commodity lumber and panels rallying well into the end of October. Why the recent upward price activity? Lumber supply has been dwindling in Canada over the last 18 months, and recent hurricane activity has temporarily curtailed some of the remaining southern US lumber and panel production. In addition to this, recent interest rate reductions on both sides of the border and hurricane repair impact have most likely led to increased demand.
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