Pakira Poll | Do you believe lumber prices will hit $2000/MBF in March 2022?

[Andrew_Gibson]

As the market rallies, some forecasters are predicting new all-time highs upward of $2000/mbf!

What do you think?
Vote on LinkedIn!

Checkout what @Matt_Layman has to say:

You Are Not Going To Like This...$2000 Lumber By Mid March

You Are NOT Going To Like This. Lumber $2000 in less than 6-weeks. Over one year ago LLG’s Forecasted Decision Points projected a bull market beginning at week #45…the beginning of the annual lumber cycle, lasting at least until week #10. This is week #6. FDP’s also projected January Chaos week #2-5. It forecasted the February Filling, which began last week. I expect that given all the current market conditions which we discuss twice weekly that we will see $2000 lumber prices, fob mill, by m…

Barchart.com is also forecasting that $2000/mbf is possible…

Can Lumber Trade At $2,000? | By Barchart.com

Before 2018, the all-time peak in the lumber futures market was at $493.50 per 1,000 board feet, the 1993 high. In January 2018, wood’s price eclipsed the 1993 high and rose to a new high of $659. In 2020, lumber rose to an even higher high at $1,000 per 1,000 board feet, and in 2021, the price exploded, reaching $1711.20 in May. At the most recent all-time high, lumber traded at over three times the 1993 peak price. [image] Last May, lumber ran out of upside steam at over the $1700 level, a…

[Andrew_Gibson]

Hey #teamPakira, what do you think?

@Michael_Haas @Neill_Gibson @David_Hoglund @Jeff_Lassle @Jim_Schumacher @Darren_Thomas @Heather_Karleen @Ashley_Boeckholt @justin_smith @Mike_Kotloski @cmusselman @Daniel_Wakefield @Bernard_Lee @Jeff_Girard @Jordan_Kirk @Bill_Kazakoff @Matt_Layman @Daniel_Drake @Nic_Wilson

[cmusselman (Colton Musselman)]

I think we will. Lumber futures have been up limit for a few days and as the ground in the United States soon thaws we are going to see a run on materials as building season kicks off.

[Neill_Gibson]

The impact on housing is huge! With what we’ve seen in the past 2 years, anything is possible, but it seems so unrealistic. Let’s call it the perfect storm!

[Andrew_Gibson]

@cmusselman Right?! How could we forget about the thaw and spring housing purchases! Add that to the list of demand drivers!

@Neill_Gibson Ever-increasing demand for housing combined with the big spring buy, massive transportation shortage (further stressed by the growing Trucker Strike in USA?), Covid hitting some of the mills and lowering production, and more… I don’t mean to be fear mongering… but the case for another perfect storm in not unfounded!

@HENDKIE_JEAN @Patrick_Taylor @Mike_Kotloski Are you hearing anything about this trucking strike?

[Mike_Kotloski]

@Andrew_Gibson I’ve seen what’s been going on in Ottawa, and understand that there may be a similar protest or strike here in the US. Most of my info comes from the news as we tend not to work with many long-haul truckers, and rarely independent ones.

[Matt_Layman]

Look for border crossing truck delays on n Montana

[Daniel_Drake]

If it reaches $2500 p/mbf, then we’ll be able to offer dimensional plantation hmahogany, teak, acacia, etc lumber at wholesale prices that can compete with domestic timbers…now that is insane. just waiting for the opportunity …lol.

Tropical and Exotic Hardwoods & Lumber Supplier

[Andrew_Gibson]

HA! Love this. This is YOUR opportunity to start framing homes in mahogany and teak!

[Nadia]

@Daniel_Drake whaaaat!!! You are saying the US lumber market will become the most uncompetitive region internationally, a place usually coveted by the EU. Funny how regulatory pressures can affect markets and create this insane volatility. Covid vaccines … Who would’ve thought?

[Andrew_Gibson]

Hey #teamPakira, do you think the market will hit $2000/mbf in march??? Make your voice heard by clicking the image above to vote in Pakira’s LinkedIn Poll.

Let’s reach 100 votes together!
How about this… If we do, then I’ll go for a polar plunge into the frigid New England waters!

[Michael_Haas]

Amen

[Michael_Haas]

I’m in !

[Michael_Haas]

At this pace ML might be right.