The first half of 2021 was characterised by strong rallies across much of the commodities complex, with everything from oil to copper experiencing pronounced rallies on the back of resurgent demand and damaged supply chains as the global economy recovered from the economic shock inflicted by the coronavirus pandemic. But arguably, no other commodity has experienced quite the dramatic rollercoaster ride over the last year as lumber has. In June, benchmark lumber futures contracts trading on the Chicago Mercantile Exchange (CME) suffered their biggest monthly price drop on record dating back to ...
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