Lumber Market Update - Corton Capital - Uptime Logistics

You’ve likely heard that the price of lumber has skyrocketed this year. You may or may not have heard about a dramatic price pull back from the recent high. To learn more about the market and what might be reasonable expectations for the future, Doug Draper dives into the subject with John Duncanson - Executive V.P. of Corton Capital, Inc. and Timber Analyst on the Corton Global Timber Fund.

They begin with discussing John’s background as a professional forester and his experience in lumber & finance that led up to the formation of Corton Capital in 2019. The fund is designed to provide direct access to the lumber market, compared to the limited options previously available. This year they’ve seen their fund have growth of 50% after the rise and pullback.

John then explores and explains the various demand side trends that are driving the recent price change. He also describes the more chronic trend of supply side reductions with permanent closures of mills and processing facilities. While John is based in Toronto, he is well aware of Colorado’s pine beetle kill off - the markets are connected, as well as the ecosystems as insects don’t stop at state or national borders. Which is why, combined with warmer winter temperatures, Canada has also had pine beetle issues up in British Columbia. He discussing DIY trends, COVID impacts, interest rates, and demographics influences as well. By being so familiar with the various aspects of the forestry and lumber prices, John is able to provide top tier insight into what’s going on in the lumber industry as of late, and what’s likely to come. Watch or listen to learn more about lumber market directly from John Duncanson.

Learn more about John and the Corton Global Timber Fund:
https://cortoncapitalinc.ca