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October 30, 2024

US lumber prices approach to annual highs

Persistent upward movement in US lumber prices left many items approaching their highs for the year in the fourth quarter. The current supply-driven run has pushed the Random Lengths Framing Lumber Composite Price to its fourth consecutive weekly increase.    The front month in lumber futures continued to trade at a slight premium to the physical market, but the January contract opened a sizable spread with cash. The roll to January was a prime feature for the week, with volume and open interest in that contract nearing par with November.    Mills in ...

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