Why the Price of Lumber Has Soared Day After Day After Day

Hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

It's not often that lumber becomes a national obsession. But this year it has. Thanks to a combination of factors, including diminished sawmill capacity, a renovation boom, and then a homebuilding boom, the price of finished wood has soared to never-before-seen heights. On this episode, we speak with Stinson Dean, a lumber trader at Deacon Trading, to explain why the market has gone so wild, and how the market is structured.

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