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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.
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'Massive corrective free fall': Lumber wipes out all its 2021 gains after record boom Back to video