A hike in US duties on Canadian wood was meant to protect prices for American producers. It still hasn't been enough to stop futures prices from plunging to a 7-month low as housing demand falls.

🪵🔗: www.bloomberg.com/news/article... via @bloomberg.com

Lumber futures in Chicago rose to the highest price in more than 2.5 years on Monday, after Trump ordered an investigation into foreign shipments of the commodity over the weekend. Canada is by far the biggest source of US lumber imports.

🔗: www.bloomberg.com/news/article... via @bloomberg.com

New York #cocoa futures surged to a fresh intraday record on Monday. Bad weather in West Africa — first heavy rains & now a dry Harmattan season — is stoking fears of another global shortage.

🍫🎁🔗: www.bloomberg.com/news/article... w/ Megan Durisin Albery & Mumbi Gitau via @bloomberg.com

Cocoa futures have returned above ~$9k a ton, as weather fears again cloud the production outlook in West Africa. That's bad news for chocolate makers who had hoped to rebuild stockpiles & hedges at lower prices.

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