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The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still further before bottoming out.
Lumber has bucked the overall uptrend in the commodities market. The S&P Goldman Sachs Commodity Index XX:SPGSCI, composed of 24 exchange-traded commodity futures contracts, jumped 26% in 2022’s first half, though has moved lower in the third quarter.
“Lumber…
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