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Lumber price volatility might be the new normal…

Norman Farwell | Posted in General Questions on

Thought readers might find this article interesting:

https://www.theatlantic.com/science/archive/2022/01/why-climate-change-pushing-lumber-prices/621288/

Volatility is what makes markets. Extreme volatility, what we’re experiencing, breaks markets. It’s broken the supply chain. You can’t forecast [prices]. When it comes to lumber, climate change has manifested itself in extreme volatility, lack of supply, and a paradigm shift in how lumber markets have behaved for decades. Lumber prices are the second highest they’ve ever been, today, this moment—ever. And it was precipitated by mudslides, which was precipitated by burning, which was precipitated by beetle kill. There’s an infrastructure story in there. There’s a climate story.”

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