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So a bunch of people think the lumber market is going down during the pandemic and take out short positions on lumber futures because they want to profit and th
by dcow 5y ago
So a bunch of people think the lumber market is going down during the pandemic and take out short positions on lumber futures because they want to profit and then lumber mills start closing in response. The problem is the lumber mills closing. That’s not part of the picture that can be easily corrected. Now the market participants, who were wrong, have impacted the production capacity of lumber and we cant get any new sawmills because it’s too expensive to spin one back up? Maybe the info graphic isn’t telling the whole story, though?