Widman’s Market Direction

The North American lumber market is under a constant barrage of mill closure news out of British Columbia and some of the supply impacts are now coming home to roost. As mills find it increasingly difficult to supply adequate lengths and tallies, order file growth is increasingly common. Overseas infill supply is also under challenge by the number of mill closures in B.C. and given more closures are probable we expect the road ahead will have higher prices. While it is clear that we are likely leaving the $300s behinds us, how high in the $400s is not so clear. Expect a steady step-wise growth in prices over the near and longer-term.