Discover why lumber prices could surge in 2025 and why the iShares Global Timber & Forestry ETF may offer value. Click for my updated look at the WOOD ETF.
The Palisades, Eaton and Hurst wildfires in Southern California have destroyed more than 12,000 structures, raising the likelihood of a spike in demand for lumber in the months and years ahead.
Prices, however, still trade far below their record intraday high of $712 in August 2022. That year, the legacy lumber contract was delisted and the current smaller contract was launched.
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