In 2020, the North American lumber prices have gone in unexpected ways while coming out from an exceptional situation. Softwood lumber prices recently rose to US$960 per thousand board feet, and it even exceeded US$1050 per thousand board feet for a short period. After the major sawmills in North America experienced capacity reductions in the early 2020s, and then after the roller coaster-like market in the third quarter, they achieved a lot more than expected profits. So, next spring, will North American lumber prices fall again after bottoming out? Perhaps we can start from the ...