Saturday, April 24, 2021

Experts Begin Speculating What Lumber Prices Will Do By Year's End

Experts are like baseball players. If they are correct 30% of the time, people see them as the people to follow. Too bad they don't have their own baseball-type cards.

Here are what some of those experts are saying this week about the lumber futures:

  • Lumber prices could be due for a sharp fall when supply ramps up, according to Capital Economics commodities analyst Samuel Berman.
  • “All told, we forecast that the price of U.S. lumber will plummet to $600 and $550 per 1,000 broad feet by end-2021 and end-2022, respectively, as domestic supply surges and imports remain strong,” Burman wrote in a note, according to Bloomberg.
  • But RBC analyst Paul Quinn is looking for futures prices to remain above $1,000 until at least late July.
  • Overall, "market participants continue to have a favorable outlook for pricing levels given strong demand, low inventories, and the inability for supply to catch-up in the near-term," he wrote, Bloomberg reported.
It really doesn't matter if they are correct or not. If they bat .300 overall, we'll keep listening to them. Whose cards do you collect?

CLICK HERE to read the entire Seeking Alpha article

Gary Fleisher
is the Managing Director and contributor to the Modcoach Network and its affiliated blogs. Email at

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