US prices for all categories of lumber break records as futures prices surge with no relief in sight for buyers. Closing prices on Friday, April 16, 2021 of Chicago Mercantile Exchange Random Length Lumber Futures contracts for every delivery month in 2021 were all above US$1000 per board foot, with the spot, or nearest delivery contract for May 2021 settling at an incredible US$1294.70. For perspective, exactly one year prior on April 16, 2020 that very same May 2021 futures contract was trading at around US$345. Not many ...
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