Madison’s Weekly Softwood Lumber Prices

Madison’s Weekly Softwood Lumber Prices

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:

Key comment: “American Thanksgiving slowed demand to a crawl midweek.

Prices updated December 3, 2019 (CLICK TABLE TO ENLARGE)

Madison's Weekly Movers & Shakers Softwood Lumber and Panel Prices Chart DEC 19
madisonsreport.com

Weekly North America #Softwood #Lumber Prices: Movers and Shakers

All prices are net FOB mill in U.S. dollars per 1,000 board feet unless otherwise noted.
  * denotes Canadian dollars per 1,000 square feet
 Green = not dried
 KD = kiln dried
 PET = precision end trim
 R/L = random lengths
 SPF = Spruce-Pine-Fir
 Std&Btr = standard & better (a grade)
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ALSO CHECK OUT OUR WEEKLY SOFTWOOD LUMBER AND PANEL PRICE GRAPHS AND CHARTS PAGE

SOFTWOOD LUMBER INDUSTRY MARKET PRICES, NEWS AND INFORMATION

Looking Forward to 2020: Global Forest Industry

This year is not over yet, but it has been one of a never-before combination of circumstances. Dire circumstances. Storms, floods, fires, in residential areas and in the forest. Adjusting to the new economics of the business of making and selling lumber has not been easy. The economic reality of the condition of the harvestable forestland in comparison to where the roads are etc, has meant long-term curtailments and closures as never seen before.In hindsight this might seem appropriate for…

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Biomass Fuel Developments, Research Update

There have been several developments, both industrial and scientific, in the exciting field of generating energy from woody biomass material. Here are a few updates:According to University of British Columbia Chemical and Biological Engineering Professor Xiaotao (Tony) Bi, wood pellets are the best choice for residential heating. Environmentally speaking, wood pellets are an ideal fuel for industry and district heating. Waste-wood materials, such as sawdust, are bound into pellets in a high-temperature pelletization process; no additives or glues are used….

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Overview of Current North American Softwood Lumber Market: 3Q 2019

Please find below the results of Madison’s most recent investigation into questions regarding a possible difference between North American softwood lumber prices into USA and those domestically within Canada, in view of the latest US softwood lumber duty, submitted to federal government of Canada (September 30, 2019): Download Full Report: Canada Domestic Softwood Lumber Price 2019 SEPT OVERVIEW OF CURRENT NORTH AMERICAN LUMBER MARKET: 3Q 2019 The question at hand: • is there apparently a price difference between Canadian sales…

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Softwood Lumber Prices Stabilize, WTO Could Stall Next Week

On December 10th is the deadline for retirement of two of the three remaining Appellate Judges at the World Trade Organization, where there are currently disputes revolving around North American softwood lumber. This WTO appellate panel, which usually has seven people, now only has the legal minimum of three, until December 10. Following years of pent-up US frustration over the behaviour of the WTO’s ultimate dispute-resolution body, the administration of President Donald Trump began blocking the appointment of new panellists….

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Canada Railway Strike Ends, Softwood Lumber Prices Moderate Up

Thankfully the work stoppage on CN Rail ended — as of mid-day Tuesday — which was soon enough to avoid truly negative impact on Canada’s forest industry. After achieving dizzying highs in summer 2018, most standard construction framing dimension softwood lumber prices are now higher than last month and one year ago, while specialty lumber items remain lower than one year ago. For now at least.Not unexpected at this time of year, another major sawmill curtailment, this time by Canfor,…

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US Existing Home Sales, Prices: Oct 2019

The US National Association of Realtors said Thursday that sales of existing homes in the US rose +1.9% in October 2019 to a seasonally adjusted annual rate of 5.46 million units. That’s +4.6% higher than a year ago. US existing home sales October 2019 up +1.9% to 5.46 million units, Median existing home prices up +6.2% to US$270,900 As well, the NAR’s measure of median US existing home prices rose +6.2% in October from a year earlier, to US$270,900. That’s…

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US Economy: Housing Construction 3Q 2019

US Townhouse Construction: 3Q 2019 According to US National Association of Home Builders analysis of the most recent US Census Dept data of Starts and Completions by Purpose and Design, townhouse construction may be nearing the end of its recent slowdown, showing relatively flat construction conditions for 3Q 2019. Nonetheless, townhouse construction is set for further expansion given the demographics of renters entering the for-sale market, as well as ongoing land constraints and the growth of demand for walkable neighborhoods. Over…

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US Housing Starts & Permits Shoot Up, Canada Railway Strike Begins

An unfortunate truth of life, economics, and physics is that not all things can go up at the same time. Once up, they don’t always stay there. This is a week of mixed news: US home building activity continues to improve, but in Canada forest operators are facing work-stoppage with one of the two railways. In regards to this CN Rail strike; usually these last just a few days. However, at this time the House of Commons does not sit…

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Madison’s Forest Pulse: 3Q 2019

North America Forest Fibre Flow Update: 3Q 2019Overview November 8th, 2019 “It will become clear after Labour Day if North America construction framing dimension softwood lumber prices are going to soften further, as they usually do in autumn, or if buyers and sellers have indeed found a new floor. — Madison’s Forest Pulse July 13, 2019 This was the last line of our update in the previous issue of your Madison’s Forest Pulse. Thankfully, the horrible price drops for North…

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CN Rail Job Action: Midnight Monday?

About 3,200 Canadian National Railway conductors, trainpersons, and yard workers could go on strike just after midnight tonight if a deal isn’t reached with the company, said Canadian Press Monday morning. The Teamsters Canadian Rail Conference, the union representing the employees, gave the required 72-hour notice on the weekend. The union says it hopes to reach an agreement before the deadline to address safety and scheduling issues, but workers are prepared to walk off the job if their expectations aren’t met….

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