GREAT BNN extended interview on lumber..10.40 ish to 10.49 EST today with ANDY (suprised it didn't take place on COMMODITEES..however ,play it back as its very informative..
GREAT NEWS - lumber contracts expected to trade on average near $1000 for 2022 -much stronger than 2021 average. Lumber producers up strongly today as analyst ratings DON"T REFLECT this step jump/demand in everything lumber going into 2022.
LESS GREAT NEWS - expects 10-12 sawmills in BC with capacity of 1-2 billion board ft to PERMANENTLY close due to loss of ACCESS to raw wood-partially driven by old growth usage changes.. no names given..
enjoy, dwdc