Tag: Softwood Lumber Prices

Finally a date from the US Commerce Department, VIA Madison’s long-time connection, customs broker working the Canada/US border: A written response has arrived from the U.S. DOC’s Office of AD/CVD Enforcement and Compliance. It is their “understanding” that the effective date for the new adjusted softwood lumber AD/CVD cash deposit rates, is now November 23rd.…

The Canadian Thanksgiving long weekend brought a not-surprising further drop in prices of most benchmark construction framing dimension softwood lumber commodities, as the days got increasingly shorter and the weather turned ever more winter-like. Demand across North America was almost entirely for small fill-in orders, while sawmills were preoccupied with locating shipments long-ago sent to…

US softwood lumber production and sawmill capacity utilization rates continued to improve in July 2020 but those in Canada experienced drops compared to the previous month. Compared to one-year-ago, for January – July 2020 softwood lumber production in the US increased previous improvements, up by +3.2%, says the latest issue of the Western Wood Products…

As previously stated by Madison’s, for US home building activity and thus softwood lumber demand, “Labour Day is the beginning of the end and US Thanksgiving is the end of the end”. Canadian Thanksgiving is somewhere in the middle of these important dates, so provides a good indication of what is happening with lumber prices…

Canadian softwood lumber production decreased -7.4% from June to 4,491 thousand cubic metres in July, said Statistics Canada Friday. Production was +1.5% higher than in July 2019. Canada’s sawmills shipped 4,553 thousand cubic metres of lumber in July, down -4.2% from June and down -0.7% from July 2019. Lumber companies in the US reached record profits thanks to high…