Join Date: Jan 2011
Location: Jacksonville, NC
Yes, if wood completely sealed in wax consider it wet. Any time get wood from unknown source consider wood will be wet. Wood completely sealed in wax, moisture cannot get in or out, wood dries through evaporation. So needs air circulation to lose moisture. Wood will gain and lose moisture throughout its life based upon relative humidity or lack of it in an area.
You have an option of scrapping wax off sides, leave wax on end of blank, set for awhile to reach EMC or rough turning it and setting aside to dry before final turning.
Which method, scrap and wait or rough turn pretty much a roll of the dice. Things to help you decide: species, thickness of blank, whether easy hard to dry, grain orientation, amount of heart wood to sap wood, closed or open grain and density of wood etc, some things to think about.
Most domestic wood would rough turn, exotics would want to wait till learned more about it.