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Lumber futures on the Chicago Mercantile Exchange jumped 4.4 per cent to US$1,069.30 per 1,000 board feet Friday

(Bloomberg) --Mountains of wheat and canola are stranded in Canada after storms blocked access to the Port of Vancouver during peak shipping season. There’s no rail access to Canada’a biggest port after days of torrential rain and landslides. About 20 vessels are waiting for deliveries, whi...

Article content “The mills are all swimming in their wood now,” Kuta said. “We need to see take-away increase dramatically in the secondary, end-user markets and export markets to right the ship in cash,” he said, referring to the need for wood to be shipped from producers to lumberyards. Sawmills will have a difficult time selling wood they can’t transport, and they need sales and shipments to flush out the existing high-priced inventory that is on the industry’s books right now. Tumbling lumber prices are also “pieces of Canfor’s equation,” BMO’s Wilde said, noting the s...

Article content Prices at Monday’s close are now down 0.6 per cent for the year as demand eases and supply expands in response to earlier gains. The rally turned a common building product into a social media sensation and a flash point in the debate over U.S. monetary policy. At one point, lumber futures were trading as high as US$1,733.50 per thousand board feet, more than quadruple the level of a year earlier. We apologize, but this video has failed to load. Try refreshing your browser, or 'Massive corrective free fall': Lumber wipes out all its 2021 gains after record boom Back to video...