While seasonality during the construction season starting in spring is a factor, the path of interest rates is a far more critical issue for lumber demand. The outlook pointed to prices breaking above the first resistance at $618.50, driven by seasonality and the prospects of falling U.S. interest rates. Physical lumber futures prices have remained below $618.50 per 1,000 board feet since February 27 due to a geopolitical event. Interest rates have increased after February 28 Crude oil remains the energy commodity that powers the world. After the U.S. and Israel attacked ...
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