Bill's Corner- An Eastern Spruce Perspective

The pressures to buy and sell were at the forefront of the lumber market yesterday. Excess supply afforded many opportunities, especially from the mills and if you had the luxury of waiting 2 to 4 weeks to get. Prices varied wildly depending on who you spoke to last. It was difficult to decipher what was real or what was hype. Buying and selling tactics were hard at play. Many buyers pulled back from the fracas or delayed decisions. It made for tough trading, resulting in a lighter volume of transactions. Many though remained optimistic that a forced replenishment rally was nearing.