Lumber is making another run for the stratosphere.

>Chicago lumber futures traded around $1,050 per thousand board feet, slipping from a 6-Month high of $1119.1 touched on December 16th, as investors sentiment was dampened after Omicron jitters reignited amid a surge in cases and fresh lockdowns in Europe. Still, the lumber continued pricey amid supply disruption due to labor shortage and recent floodings in Canada, while the US has doubled its tariffs on soft lumber. Meanwhile, low unseasonably warm temperatures in the US had enabled homebuilders to keep their activity, sustaining the demand for materials such as lumber. Also, in the United States, sawmills are facing a labor shortage as workers are unwilling to work in such dangerous conditions at low wages. In Canada, recent floods have affected the transportation system, delaying or making it impossible to ship lumber to the US.

https://tradingeconomics.com/commodity/lumber