Shiver me timbers! Lumber prices hit 8-year high

Author: Adam Button | Category: News

CME lumber futures were ‘limit up’ today, gaining $10 to the highest since March 2005.

lumber futures weekly 10 years ending March 14, 2013

CME front month lumber futures

Lumber is a major export for a number of nations, especially Canada and today’s jump/breakout helps explain Canadian dollar strength. It’s also another sign of a resurgence in US housing.