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British Columbia last month struggled with heavy rainfall that resulted in delays in exporting lumber.
Kyle Little, chief operating officer with Sherwood Lumber, joins 'The Exchange' to discuss the growing demand for lumber. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://c
The commodity is 41% below its record high, while its up 127% from its recent low, highlighting its extreme volatility over the past few months.
Marshall Wace LLP bought a new position in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,835 shares of the companys stock, valued at approximately $767,000. A number of other institutional []
Boston Standard Wealth Management LLC raised its stake in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 65,795 shares of the companys stock after acquiring an additional 663 shares during the period. iShares Global Timber & Forestry ETF accounts for about 1.7% of Boston []
Feast and famine in the lumber futures market.
Trex and Azek are both producers of fake-wood decks, and saw their stock prices and sales boom during the pandemic amid high lumber prices, according to CNBC.
The lumber industry and sector-related exchange traded funds may have faltered as lumber prices plunged, but the woodcutters may enjoy a seasonal rebound with homebuilders picking up the pace toward t
Naeem Aslam, chief market analyst at AvaTrade, said Fed tightening and China releasing stockpiles could weigh on the price of lumber.

Lumber prices fall after previous supply crunch

06:01pm, Thursday, 12'th Aug 2021
Kyle Little, chief operating officer of Sherwood Lumber, joins The Exchange to discuss the current state of the lumber shortage. The supply is rebounding after pandemic lows, he says.
There's now a glut of processed cheese swamping the market, sending prices as low as $1.31 per pound for a 500-pound barrel - the lowest since 2020.
Lumber supply is increasing, and demand for housing is high relative to available homes.
Lumber supply is increasing, and demand for housing remains high relative to available homes.
Ed Egilinsky of Direxion pointed to the tightening labor market, the raging wildfires, and the emerging delta variant as possible factors that will push lumber prices higher.
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