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Canfor Corp Outlook

Post Views: 399 Timber prices are falling, is it time to buy? Timber futures fell to two-month lows of $ 996.20 per 1,000 boards on Monday. The contract prints a record high of $ 1,711.20 in early May from nearly $ 330 in May 2020. Residential building growth was largely behind the sharp gains seen in the last year. But as fresh deliveries hit the market, as sawmills expand and some projects slow down, hitting demand, the tops may have already been introduced. The National Association of Home Builders says rising timber prices have added $ 36,000 to the cost of building a medium-sized single-family home this year. Canfor is a leading integrated forest products company based in Vancouver, British…

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 Junior Trader Nikolay Yordanov

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