-
Most Softwood Lumber Prices Flat or Slightly Down as Canadian Thanksgiving Approaches
As previously stated by Madison’s, for US home building activity and thus softwood lumber demand, “Labour Day is the beginning of the end and US Thanksgiving is the end of the end”. Canadian Thanksgiving is somewhere in the middle of these important dates, so provides a good indication of what is happening with lumber prices…
-
Canada Softwood Lumber Production July, US Sawmill Profits 2Q: 2020
Canadian softwood lumber production decreased -7.4% from June to 4,491 thousand cubic metres in July, said Statistics Canada Friday. Production was +1.5% higher than in July 2019. Canada’s sawmills shipped 4,553 thousand cubic metres of lumber in July, down -4.2% from June and down -0.7% from July 2019. Lumber companies in the US reached record profits thanks to high…
-
Madison’s North America Heating Wood Pellet prices: Sept 2020
2020 – 2021 US Bioenergy Forecasts in from EIA The US Energy Information Administration’s latest Short-Term Energy Outlook (STEO) predicts increasing electricity generation from renewable energy sources in 2020 and 2021. Power from renewable sources is anticipated to rise from 17 per cent in 2019 to 20 per cent by the end of 2020, before…
-
Madison’s British Columbia Coast Log Prices: September 2020
Privately-owned US housing starts in August were at a seasonally adjusted annual rate of 1,416,000, the Commerce Department said. This is -5% below the revised July estimate of 1,492,000, but is +3% above the August 2019 rate of 1,377,000. Total starts were up +3% year-over-year compared to August 2019. The dip in housing starts was…
-
Most Softwood Lumber Prices Remain Level While Eastern Items Correct Down
There was more confusion in the North American construction framing dimension softwood lumber market last week as prices of most home building solid wood commodity items stayed flat, except Eastern S-P-F which did correct down somewhat. The supply-demand balance seemed to be finding an even keel, although customers still were reluctant to make big purchases…
