Forget gold! Wood has become a hedge against the impact of the epidemic

category:Finance
 Forget gold! Wood has become a hedge against the impact of the epidemic


Timber futures, which have doubled since early April, are the best performing major raw materials this year, even overshadowing the traditional safe haven commodities of gold and silver.

To be sure, timber trading volume is much lower than gold and other metals, and prone to sharp price fluctuations. But producers such as canFor Corp. expect strong demand and prices to continue into early autumn.

Demand in the home sector is stronger than everyone expected, don Kayne, chief executive of canFor, told the companys quarterly earnings call on Friday

Source: interface news editor: Yang Zeyu_ NF6036