On February 27, 2023, nearby May random-length lumber futures prices were at the $406 level, with the new physical contract for May delivery at around $530 per 1,000 board feet. The new physical contract for May delivery at $537.50 was slightly higher on March 21, 2023, than the late February level. The recent issues in the banking sector have impacted many markets, but lumber has not declined. The ECB raised interest rates by 50 basis points last week, and all signs point to another at least 25 basis point hike by the U.S. Federal ...
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