Friday, September 17

Bootleg Fire

Bootleg Fire, Lumber, lumber market, lumber outlook, lumber price, Markets, MI Exclusive, Wildfires

Lumber prices spike as wildfires cause producers to cut output, citing’significant’ supply chain challenges

The Bootleg Fire burns through vegetation near Paisley, Oregon, US, July 20, 2021 David Ryder/Reuters Lumber futures have jumped in recent days on concerns over the impact of wildfires on supply. One of North America's largest lumber producers said it would cut output at sawmills due to the fires. One lumber expert told Insider the production cut was the catalyst that confirmed to traders prices had hit a bottom. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Lumber futures have jumped in recent days as concerns mount that wildfires in Canada and the Western US will snarl production and supply chain routes. On Tuesday, Canfor Corporation, one of North America's largest lumber producers, said it was curtailing approximately 115 million board feet of prod...