A proxy For speculators shows this investor category not on board for the run up in Lumber ..This time. net longs decreasing for third consecutive week

At least End users merchants,producers doing what you would expect, selling on the move higher increasing net shorts

Lumber curve today vs 1 week ago short term demand high as backwardation in Curve jumps

Some Comments from Bloomberg may help explain the Surge in demand for a time of the year when it normally is absent