As Lumber prices recover, Weyerhaeuser (WY) stock could benefit

Lumber prices have made a slow recovery in the past few months as the housing sector remains strong despite high-interest rates. Data by TradingView shows that lumber has recovered from last year’s low of $357.35 to$530. A separate figure by Barchart reveals that the lumber spot price stands at $555.Lumber prices could keep risingCopy link to sectionMost importantly, there are signs that investors expect lumber prices will remain at an elevated level for a while. As shown below, lumber futures for March 20 ...