Knowledge Exchange

Ag Economy

2021 Lumber Market Outlook

North American lumber markets soared to record levels in 2020, driven higher by strong end-use market consumption and supply side constraints. Will we see another record year in 2021? Paul Jannke of Forest Economic Advisors discussed demand side drivers for lumber markets, whether or not supply will respond to the high prices and what he expects for lumber markets in 2021-22.

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