Lumber prices bounce back after bruising 7-day selloff

Lumber futures are trading higher Wednesday for the first time in eight days as buyers emerge following a sharp seven-day selloff that dropped prices by as much as 29%. 

Random length lumber futures for July delivery traded up 3.57% at $1,309.10 per thousand board feet after falling to $1,201 earlier in the session. The commodity closed at a record high of $1,686 o