The US lumber market is ready to boom, with futures rising to another record on the 14th of May, due to various factors, as: import tariffs, transport bottlenecks and strong housing demand. As Bloomberg reported, the futures rose 1 percent to close at $619 per 1,000 board feet on the Chicago Board of Trade. They’ve surged 66 percent in the past 12 months, which is a bigger gain than any of the raw materials tracked by the Bloomberg Commodity Index. Moreover, the prices are most likely to keep on growing ...
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