The road ahead is beginning to look barren in supply compared to what this market is used to at the beginning of a new year, or beyond when normal curtailment returns. While supply is not going to dry up entirely, the forthcoming supply challenges for the North American lumber market are unprecedented. The extensive production loss in B.C., combined with the usual inclement wintry weather will place an inordinate amount of pressure on buyers. Lumber speculators are going to have to commit either earlier on longer-term orders or face potentially large order files and a far more expensive commodity then available today. Wishing the market down will become fruitless in short order.
2019-12-04
