Lumber prices hit record high after lockdown spurs DIY boom

Gold prices may be glittering at close to record highs - but a less eye-catching asset is still outshining the precious metal. This year's best performing commodity is instead the humble wooden log, after the value of lumber surged amid a DIY boom triggered by homeowners sprucing up their properties during lockdown. The price of lumber futures has more than doubled in 2020 due to buoyant demand and low stock levels, made worse by mill shutdowns during the height of the Covid crisis. Surging cost