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Softwood Lumber Prices Bounce Off Lows of Two Weeks Ago

Softwood Lumber Prices Bounce Off Lows of Two Weeks Ago

As Madison’s said in mid-April, “only in the future will we know” if North America construction framing dimension softwood lumber prices reached the bottom, or if they would fall further. Given the wee surge last week, we now know that prices have bounced from those lows of two weeks ago. Whether they will remain there in the short term, or if restricted supply will drive another surge upward, remains to be seen. The upheavals of the past month or two…

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UBC Forestry professor receives ‘Nobel Prize of Forest Research’

UBC Forestry professor receives ‘Nobel Prize of Forest Research’

Marcus Wallenberg Prize supports research on how forests respond to climate change VISUALS LINK FOR MEDIA USE The Faculty of Forestry at University of British Columbia has announced faculty member and Canada Research Chair in Remote Sensing (I), Nicholas Coops, is the recipient of the world’s most prestigious forestry honour, the Marcus Wallenberg Prize.With this distinction, UBC is the top-ranking institution on the globe in terms the highest number of prizes received in the 40-year history of the Marcus Wallenberg Prize, and…

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Softwood Lumber Prices Fall More Slowly or Remain Steady

Softwood Lumber Prices Fall More Slowly or Remain Steady

In contrast to the sharp plummets of recent weeks, most North American construction framing dimension softwood lumber prices either remained steady or dropped by smaller increments last week as distributors had decent demand from end-users. Supply remained limited to tight, and sawmills held firm on price lists from the previous week as their order files grew out to almost two weeks.Prolific reductions in sawmill operations across the North American continent had the effect of stabilizing the lumber market further. Deep…

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Softwood Lumber Prices Apr 2020 & US Housing Starts March 2020

Softwood Lumber Prices Apr 2020 & US Housing Starts March 2020

Despite drops from last month, housing starts and building permitting activity in the US are still occurring at a faster pace than one year ago. In week ending April 10, 2020, benchmark Western Spruce-Pine-Fir 2×4 prices were US$310 mfbm (net FOB sawmill), unchanged from the previous week said North American weekly lumber price newsletter Madison’s Lumber Reporter . Last week’s price was down -$136, or -31%, compared to one month ago and is down -$66, or -18%, relative to the…

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Madison’s Extends Data Coverage …. New Prices Added

Madison’s Extends Data Coverage …. New Prices Added

Jan – April 2020 *new* North American construction framing dimension softwood lumber price data, this year added to our weekly coverage: Shortly, within a few weeks, this additional data will be available on our online tool along with all 440 individual lumber and panel commodity prices currently accessed by Madison’s subscribers. To view the historical softwood lumber price sheet of data Madison’s Lumber Reporter always covered please click https://madisonsreport.com/wp-content/uploads/2018/07/mclr072718.pdf

Softwood Lumber Prices Moderate as Market Adjusts

Softwood Lumber Prices Moderate as Market Adjusts

The recent changes, disruption if you will, to the supply-demand balance of North American construction framing softwood lumber and panel products have worked their way through the market. Last week customers came back to suppliers with higher-volume orders than in recent weeks. This provided sawmills the ability to hold steady on prices for benchmark Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL), at US$310 mfbm. Producers in other regions like the US south or Quebec dropped prices slightly but refused to go…

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North America Rail Traffic, Lumber: Jan – April 2020

North America Rail Traffic, Lumber: Jan – April 2020

The Association of American Railroads (AAR) reported yesterday U.S. rail traffic for the week ended April 4, 2020.For the week ended April 4, total U.S. weekly rail traffic was 429,095 carloads and intermodal units, down -15.9% compared with the same week last year. Total carloads for that week were 210,911 carloads, down -16.2% compared with the same week in 2019, while U.S. weekly intermodal volume was 218,184 containers and trailers, down -15.7% compared to 2019.In the U.S. two of the…

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