The price of lumber has fluctuated a lot in the last few years, and many lumber traders want to know the outlook of the lumber market. Many analysts believe that background events such as the outbreak of Covid-19 and the war in Ukraine have caused these fluctuations. Chicago lumber futures have been on a downward trend in the second half of 2022 and are now at their lowest level in 2022 (down almost 70% since…
The price of wood products, especially lumber, has fluctuated greatly in the last three years. Therefore, traders in these markets have many questions and do not have a clear picture of the future of the market. Various factors such as the amount of housing construction in the US, inflation, transportation costs, and other issues are influential in the price movement. But in this article, we are going to forecast the lumber price trend for the…
We are all familiar with many commodities that have a global price tag and the universal market treats instances of them as equivalent, with no regard to who produced them. In the economy, commodities include some types of goods and energy, such as oil, gold, wheat, copper, gas, electricity, etc. In the meantime, wood does not have a specific place. Is wood traded as a commodity? Is there a specific scale for the price of…