Lumber prices spike as wildfires cause producers to cut output, citing ‘significant’ supply chain challenges

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• The Bootleg Fire in Oregon is so large, it’s creating its own weather By Joe Sutton, Michael Guy and Hollie Silverman | CNN As hot, dry weather conditions continue to fuel wildfires across much of the United States, the Bootleg Fire in Oregon has become so intense that it is creating its own weather. The Bootleg Fire has scorched 537 square miles — an area larger than Los Angeles and about half the size of Rhode Island. It grew to nearly 364,113 acres Monday and is 30% contained, Oregon Department of Forestry spokesperson…
• 3 factors will keep lumber prices elevated despite a multi-week decline, an economist says A Lowe's employee stocks lumber inside the home improvement store in New York. Reuters/Shannon Stapleton As the price of lumber stabilizes, more bouts of volatility lie ahead, said Dustin Jalbert of Fastmarkets. Jalbert, a senior economist, cited three factors: wildfires, log prices, and housing demand. Lumber prices he said have been in a "correction mode" for nearly two months as supply catches up with demand. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Prices for…
• Calls for outside help as extreme weather fuels Oregon fires The threat of thunderstorms and lightning has prompted officials in fire-ravaged Oregon to ask for help from outside the Pacific Northwest to prepare for additional blazes as many resources are already devoted to a massive fire in the state that has grown to a third the size of Rhode Island. The 537-square-mile (1,391-square-kilometer) Bootleg Fire is burning 300 miles (483 kilometers) southeast of Portland in and around the Fremont-Winema National Forest, a vast expanse of old-growth forest, lakes and wildlife…
• Unstable weather will continue to fuel huge Oregon blaze Dry, unstable and windy conditions will keep fueling a massive wildfire in southern Oregon, forecasters said, as the largely uncontained blaze grows by miles each day. The Bootleg Fire was just one of numerous wildfires burning across the U.S. West. Crews had to flee the fire lines of the Oregon blaze late Thursday after a dangerous “fire cloud” started to collapse, threatening them with strong downdrafts and flying embers. An initial review Friday showed the Bootleg Fire destroyed 67 homes…
• Unstable weather will continue to fuel huge Oregon blaze By Gillian Flaccus | Associated Press PORTLAND, Ore. — Dry, unstable and windy conditions will keep fueling a massive wildfire in southern Oregon, forecasters said, as the largely uncontained blaze grows by miles each day. The Bootleg Fire was just one of numerous wildfires burning across the U.S. West. Crews had to flee the fire lines of the Oregon blaze late Thursday after a dangerous “fire cloud” started to collapse, threatening them with strong downdrafts and flying embers. An initial…
• Unstable weather will continue to fuel huge Oregon blaze By Gillian Flaccus | Associated Press PORTLAND, Ore. — Dry, unstable and windy conditions will keep fueling a massive wildfire in southern Oregon, forecasters said, as the largely uncontained blaze grows by miles each day. The Bootleg Fire was just one of numerous wildfires burning across the U.S. West. Crews had to flee the fire lines of the Oregon blaze late Thursday after a dangerous “fire cloud” started to collapse, threatening them with strong downdrafts and flying embers. An initial…
• Smoke from western wildfires brings thick haze over Chicago In this photo provided by the Bootleg Fire Incident Command, a bear cub clings to a tree after being spotted by a safety officer at the Bootleg Fire in southern Oregon, Sunday, July 18, 2021. As more fire personnel moved into the area, the cub scurried down the tree trunk and later left after being offered water. Smoke and ash from the wildfires have drifted thousands of miles, reaching as far as New York. In Chicago, a blanket of thick…
• The Bootleg Fire in Oregon is so big it can be seen from space, satellite video shows NOAA satellite images show the Bootleg Fire in Oregon. NOAA The Bootleg Fire in Oregon is so big that its smoke plumes can bee seen from space. The National Oceanic and Atmospheric Administration shared satellite footage of the fire this week. The fire was only 30% contained as of Tuesday morning. See more stories on Insider's business page. The Bootleg Fire that has scorched more than 600 square miles in Oregon is so big it can be seen from space.…
• EXPLAINER: What is fueling Russia's 'unprecedented' fires? Thousands of wildfires engulf broad expanses of Russia each year, destroying forests and shrouding territories in acrid smoke. Northeastern Siberia has experienced particularly massive fires this summer amid record-setting heat. Many other regions across the vast country also have battled wildfires. These are some of the factors behind Russia's endemic wildfires and their consequences. — RECORD HEAT In recent years, Russia has registered high temperatures that many scientists regard as a clear result of climate change. The hot weather has…
• Oregon wildfire forms 'fire clouds' that pose danger below Smoke and heat from a massive wildfire in southeastern Oregon are creating giant “fire clouds” over the blaze — dangerous columns of smoke and ash that can reach up to 6 miles (10 kilometers) in the sky and are visible from more than 100 miles (160 kilometers) away. Authorities have put these clouds at the top of the list of the extreme fire behavior they are seeing on the Bootleg Fire, the largest wildfire burning in the U.S. The inferno…