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Steady Demand Pops Lumber Price Up Slightly
The mid-point of the summer is past and usually at this time of year lumber sales soften quite bit, taking prices down as well. This year is not much different, except that most customers do not have excess inventory on hand as they had been holding off any unnecessary buying in the hopes that prices…
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Lumber Prices Firm Up Slightly as Field Inventories Stabilize
The North American forest products manufacturing industry has entered the usual seasonal slower time; although everyone understands that the past two years have not been usual. Since late spring this year, as producers and customers were negotiating to find where softwood lumber price levels would be, the market correction downward did overshoot a little bit.…
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Normal Seasonal Slow-Down Brings Flat Lumber Prices
As the dual Canada Day – US Independence Day long weekend arrived, most softwood lumber and panel prices stayed relatively flat compared to the previous week. This is the time of year when lumber demand starts to drop and prices either fall or remain flat. The large-volume buyers — the big US home builders —…
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Changes Coming to Random Length Lumber Futures Trading
Chicago Mercantile Exchange will launch updated futures trading in August under the ticker LBR CME Group is set to launch a new lumber futures contract on August 8, 2022. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now…
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Lumber Prices Bounce on Equitable Supply-Demand Balance
The significant price cuts of the previous week were successful in spurring renewed demand for softwood lumber materials. Indeed, so successful that prices bounced almost back up to the levels of the week prior. While sales volumes still were not optimal, looming seasonal curtailments motivated somewhat reluctant customers to pull the trigger and buy. That…
