Market Conditions
When market's corrected last week, WEF shareholders got the jitters and sold WEF shares down.
Now that markets have stabalized people are buying back in to WEF.
Some what irrational to sell off a commodity like lumber in an inflationary period. Commodities are a hedge against inflation. Inflationary pressures drive up the price of commodities like lumber as we can see in the elevated prices of lumber.
In an inflationary period it is not really the price of everything going up but the value of fiat erroding. However, at the moment while we have inflation the USD is rising because market jitters is creating demand for dollars as a safe haven.
As a result WEF is getting high prices for lumber it sells into the U.S. and gains on the exchange rate with the Canadian Dollar.
That is likely the same for WEF's exports.