Bill's Corner- An Eastern Spruce Perspective

The volume of orders lessened last Friday in the eastern spruce lumber market. The week saw a heavy number of transactions although traders expected stronger demand especially for this time of the year when construction usually flourishes. Higher interest rates and global concerns weighed heavily on mindsets and were strong influencers on limiting the potential for more. Supply continued to outpace demand keeping prices edging downward. Buying philosophies did not change with managing low inventories a priority. Traders were kept very busy handling the many urgent and quick needs.

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