Bill's Corner- An Eastern Spruce Perspective

It was another strong day of demand in the eastern spruce lumber market yesterday. The mills had lumber to sell and there were enough interested buyers to make it a busy day for sales as well. A potential Canadian rail strike along with wildfires erupting in the Canadian interior sparked concern that supply could be impacted. A growing sentiment among clients that it was more prudent not to take matters to chance compelled more of them to rethink their current inventory positions and buying philosophies.