Madison’s Weekly Softwood Lumber Prices

Madison’s Weekly Softwood Lumber Prices

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:

Key comment: “Softwood lumber buyers in North America continued to desperately cover their needs for June, while uncertainty about July-on reigned.”

Prices updated June 2, 2020 (CLICK TABLE TO ENLARGE)

Madison's Weekly Movers & Shakers Softwood Lumber and Panel Prices Chart MAY '20
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

Wood Panel Prices Will Provide Indication of Remaining Summer Lumber Demand

When times are uncertain there is one sure thing to provide insight into particulars; panel prices. Whether it be storms, fires, or otherwise, among the most-needed items in society is plywood. Given the current situation in many regions of the US, it is assured that demand for plywood and other panel sheathing is going to increase in the short-term. There are much fewer producers of this essential building material than there are regular sawmills of North American construction framing dimension…

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Madison’s Weekly Lumber Price Update: Green Table

Softwood lumber buyers in North America continued to desperately cover their needs for June, while uncertainty about July-on reigned.

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Madison’s BC Coast Log Price report: May 2020

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Madison’s Heating Wood Pellet Price report: May 2020

In late April the US Department of Agriculture’s Forest Service announced it will award US$1.5 million to seven rural communities through a new Community Wood Energy and Wood Innovation grant program. USDA to Invest in Wood Energy The new program aims to support the costs of installing wood energy systems and building innovative wood product facilities in rural communities across the country. Five of the communities will use locally-sourced wood to reduce energy costs and fossil fuel use while supporting…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: Jan 2020

In 4Q 2019 North American softwood lumber production recovered nicely from drops over last summer, and by the end of last year made good strides in improvement, says the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January 2019 – January 2020. January 2020 US lumber production volume increased by +2% compared to January 2019, to 3,221 mmfbm. After drooping for most of last year to end 2019 -15% lower than full-year 2018, softwood lumber production…

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Softwood Lumber Prices Keep Rising as Suppliers Look Toward Late Summer

Sawmills across North America looked toward the end of summer last week, as lumber prices continued to rise but sales volumes were unsteady. Lumber producers in the US and Canada considered this current market strength as temporary, and were already making plans for seasonal slow-downs when summer draws to a close.Softwood lumber producers consequently pushed up their asking prices and extended sawmill order files into mid- to late-June.Prices were nudged up every day as sawmills sold out of stock with…

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Madison’s Weekly Softwood Lumber Price Update

MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:Key comment: “Ravenous builders emerged as construction activity restarted, exposing the considerable lack of softwood lumber supply that has developed at all levels of the market.”Prices updated May 26, 2020 (CLICK TABLE TO ENLARGE)

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May Long Weekend in Canada Does Nothing to Slow Lumber Demand

A lot of regular life activities remain unknown as various jurisdictions “open up” from the Covid19 isolation and quarantine. Regardless, most North American construction framing dimension softwood lumber prices jumped once again last week on both continued healthy demand and uncertainty with supply.Producers of Western Spruce-Pine-Fir commodities in the United States said bread and butter items again sold with aplomb, although all stock was moving briskly. Buyers came in volleys to shore up their depleted inventories; making peace with the…

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Softwood Lumber Prices May 2020 & US Housing Starts: April 2020

Residential housing starts in the US slumped -30% from the previous month to a seasonally adjusted annual rate of 891,000, the lowest level since 2015, the Commerce Department said Tuesday. Data for March was revised up to show homebuilding declining to a pace of 1.276 million units instead of dropping to 1.216 million units as previously reported. Single-family housing starts dropped -25% to a rate of 665,000, also a five-year low.US building permits fell -21% from March to a seasonally…

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Madison’s Weekly Softwood Lumber Prices: May 19, 2020

Prices updated May 19, 2020 (CLICK TABLE TO ENLARGE) MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “Demand in both the West and the East was robust, as order files at sawmills stretched out and most prices advanced further.”

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