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This week Madison’s Lumber Reporter printed down on benchmark softwood lumber prices by quite a bit . . .
Madison’s Lumber Reporter Published by Keta Kosman · 31 mins · This week Madison’s Lumber Reporter printed down on benchmark WSPF KD 2×4 #2&Btr #softwood #lumber prices by quite a bit. The most-often comment from sources was “prices tanking”. Now is the start of the annual seasonal curtailments in Quebec, and the forest fire ban…
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Conference Board of Canada: Economic Effects of Tariffs
Mentioned briefly in last week’s issue of your Madison’s Lumber Reporter, the Conference Board of Canada‘s latest Canadian Outlook Bulletin, released July 9, calls for the national economy to grow by +1.8 per cent in 2018–19 in the wake of a +3 per cent gain last year. “An easing pace of consumer spending, potential breakup…
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US Producer Price Index, Construction Materials: June 2018
Construction material prices in the US rose another +0.8% in June and are +9.6% higher than they were at the same time one year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data release Wednesday. June represents the latest month associated with rapidly rising construction input prices. Nonresidential…
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Conifex Completes
Conifex Timber, out of Vancouver, BC, announced Monday that it has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood Arkansas. As a result of this acquisition, our total annual lumber production capacity has increased by approximately 50% to 1.1 billion board feet and our total…
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Supply Chain Backlogs are Cleared, Forest Industry Assesses Inventory
At close Thursday, softwood lumber futures on the Chicago Mercantile Exchange launched upward $36 to US$584 but on minuscule volume traded. The looming contract close, at end of day Friday, sent just a few players into very high prices for their immediate needs. The September contract was trading at a more moderate $520 on lukewarm…
