There was a hodgepodge of activity in the lumber market yesterday. There were mill direct sales with two week or later shipments along with reload orders for quicker deliveries. Overall sales were good but the lack of available lumber from both sources kept a lid on what was transacted. The potential for more volume was evident by the demand that went unfulfilled. Traders also spent much time chasing down late loads or revising existing orders to enable deliveries. Progress was seen as the mills and the reloads were slowly able to reduce the backlog of orders to be shipped.
7 Likes
Unfulfilled demand sounds like an interesting metric that would be hard to track… it appears as if this market might still have some legs to it…
@william_giguere How does this market run up compare to the last one?
6 Likes
similar. One different feature is the increased demand due to rising interest rates bringing more people to the market this time.
9 Likes
Interesting to hear rising interest rates having this forcing effect. Which people/businesses are most affected?
6 Likes
builders and lumberyards. many have been trying to lock in prices, especially now that the futures market is trading at a discount.
8 Likes
What is the easiest way for lumberyard and builders to track the cash market? Should they call someone like you or subscribe to a industry report? I’ve talked to a few young lumberyard managers who really struggle with this…
7 Likes
Industry reports are good and this platform offers many timely insights. They can also reach out to me and I can include them on my morning posts or contact me via LinkedIn. I am always willing to share these insights.
9 Likes