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November 2, 2020

US softwood lumber market outlook in 2020-21

  • In 2021, softwood lumber mills will increase production to meet stronger expected demand. 
  • Softwood lumber prices have began to fall in late September and early October, and will continue to decline through January of next year. 
  • With production remaining more in line with demand next year, prices will fall back toward more “normal” profit levels.

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