- prices for commercial/residential heating wood pellets in the US are quite a bit higher than in Canada (when converting USD to CAD)
UNITED STATES Commercial/Residential Heating Wood Pellet Prices
![](https://madisonsreport.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-28-at-2.24.58-PM-1024x482.png)
- as well, the relationship between US retail and wholesale heating wood pellet prices is far more correlated than in Canada
- there is a peak in US prices for 3Q 2019
CANADA Commercial/Residential Heating Wood Pellet Prices
![](https://madisonsreport.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-28-at-2.25.20-PM-1024x500.png)
- in Canada wholesale heating wood pellet prices are much more stable than are retail, which fluctuate quite a bit more
- there is a dip in Canadian prices for 3Q 2019
![](https://madisonsreport.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-28-at-2.25.45-PM-1024x532.png)