US lumber has probably found a bottom at current levels, but prices will remain over double the average for the next few years, Stinson Dean. The Deacon Trading founder expects lumber to trade above $1,000 for potentially the next three to five years. He added that the current state of the lumber futures curve confirms that lumber prices have bottomed. Lumber price have probably found a bottom at current levels, but will remain higher than average for the next few years, a lumber trader told Insider. ...
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