Canada Sawmills: November 2017

Canada Sawmills: November 2017

Lumber production at Canadian sawmills fell -1 per cent from October, with sawmills producing 5,929 thousand cubic metres of lumber in November, said Statistics Canada February 8. Production was -1.5 per cent lower than in November 2016. Sawmills shipped 5,656 thousand cubic metres of lumber in November, down -3.9 per cent from October and -4.8 per cent lower than in November 2016.

Softwood Lumber Prices Are Elevated and Might Just Correct Downward

Softwood Lumber Prices Are Elevated and Might Just Correct Downward

Transportation problems continued to plague softwood lumber suppliers and customers, providing opportunity for producers to keep prices up as they could legitimately not say when wood ordered two weeks ago would get delivered. In this new reality of the forest industry, it is becoming apparent that demand for uses beyond only US home building is keeping sawmills running at high (90% to 92%) capacity. Yes, monthly new home building in the US is only going up, and rebuilding and remodelling…

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US Household Formations, Home Prices: 4Q 2017

US Household Formations, Home Prices: 4Q 2017

The US homeownership rate stands at 64.2% in 4Q 2017, up from 63.7% a year ago and 63.9% in 3Q according to the Census Bureau’s Housing Vacancy Survey, released January 30. US Household Formations, Home Prices: 4Q 2017 After dropping to a cycle low of 62.9% in 2Q 2016, the national homeownership rate seems to be on a sustainable upward trend now. The housing stock-based Survey revealed that the number of households increased to 120.2 million in 4Q 2017, 1.4…

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Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018

Confusion and Volatility Did Little to Stymie Softwood Lumber Demand: Feb 14, 2018

Last week has started to come out actual data of timber supply loss due to wildfires in northwest North America, and it’s really bad. Details to come. Otherwise, lumber demand continued strong even as customers digested the rush of wood ordered three weeks ago. As extreme transportation woes continued unabated, sawmills took to quoting on delivery times not orders files. In British Columbia, a Port Alberni sawmill fire started Tuesday near the conveyors that drop chips from the hog fuel…

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Madison’s Heating Wood Pellet Report: December 2017

Madison’s Heating Wood Pellet Report: December 2017

The latest issue of Madison’s North America Heating Wood Pellet Report has been emailed to subscribers. Be the first to get this vital and timely information directly into your inbox as soon as it is available! Don’t miss out on the very latest data for Canadian and US sawmill residuals sales, biomass feedstock for energy production supply, wood pellet and competing home heating prices, pellet exports, and much much more! If you’re not subscribing yet, simply contact our office any…

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Japan Wood Product Demand Projection: 1H 2018

Japan Wood Product Demand Projection: 1H 2018

The Japan Forestry Agency has held it’s meeting for estimating wood product demand projection for the first half of 2018, said the Japan Lumber Reports Monday. Officials expect a drop in domestic supply of logs to bring an increase in Japan’s log imports from North America in 2Q 2018 and from New Zealand in 1Q. However domestic supply of logs for plywood production is expected to increase +8.5 per cent. Lumber supply from North America is expected to continue 2018…

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Sticker Shock Restrains Buying but Lumber Prices Remain High

Sticker Shock Restrains Buying but Lumber Prices Remain High

The recent huge burst of buying slacked off this week as lumber futures descended from their up-limit of last week to crash down-limit Monday and trigger a stop-order on the Chicago Mercantile Exchange. In the cash market, customers — still reeling from sticker-shock last week — held off on buying unless absolutely desperate for fill-in needs. Gauging inventory on-hand was difficult as transportation woes, both on the rails and with trucks, were in no way improved over the weeks of…

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Forestry Economics Paper : Madison’s co-author

Forestry Economics Paper : Madison’s co-author

Madison’s is very excited to announce today just this first step in the fabulous range of *new* products and information streams we have coming online in the first half of this year! Parajuli Zhang Kosman_FPE 2018 https://www.sciencedirect.com/science/article/pii/S1389934117303209 Province specific impacts of the 2006 United States-Canada Softwood Lumber Agreement: A seemingly unrelated regression approach  Based on monthly data from January 1988 to October 2015, we estimate a system of U.S. softwood lumber import equations by using Seemingly Unrelated Regression (SUR) approach. The effects of the…

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Resolute Forest Products CEO Steps Down

Resolute Forest Products CEO Steps Down

A dearth of truckers in Canada is hindering shipments from Resolute Forest Products’ sawmills to its paper mills, outgoing Chief Executive Officer Richard Garneau said Thursday on an earnings conference call. The Montreal-based company slowed down production in December after the shortage and harsh winter conditions led to a lack of woodchips at its mills in Quebec, according to Bloomberg. The leadership change was announced as Resolute disappointed despite swinging to a profit of $13 million or 14 cents per…

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North America’s Forest Products Industry, A Look Forward: 2018

North America’s Forest Products Industry, A Look Forward: 2018

The US National Association of Home Builders has released full-year 2017 data for US single- and multi-family home building, and remodelling. The numbers are shaping up to show a very glowing picture indeed, of the next two years likely, for the main customers of US and Canadian solid wood construction framing dimension lumber products. NAHB US HOME BUILDING DATA: FULL YEAR 2017 Of most immediate relevance to sawmills is US new home building. NAHB is forecasting continued growth in housing…

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