Browsed by
Tag: trade forecast

Trump, Trade, and Tariffs

Trump, Trade, and Tariffs

A flurry of news releases last week from many sources have started to shed light on the economic effects of these ongoing, expanding, rounds of tariffs started by the USA between increasing numbers of countries. Trade Barriers and Confusion are Wreaking Havoc for Manufacturers GRAPH CREDIT: [AFP via Straits Times] Just Friday a new flurry of tariffs and counter-tariffs were launched, by the USA and by China. Retaliatory tariffs put in place against the US by Canada came into effect…

Read More Read More

US Manufacturing and Non-Manufacturing Index: June 2018

US Manufacturing and Non-Manufacturing Index: June 2018

The US ISM manufacturing index, released Monday by the Institute for Supply Management: June 2018 Manufacturing ISM® Report On Business®, indicated expansion in June. The PMI was at 60.2% in June, up from 58.7% in May. The employment index was at 56.0%, down from 56.3% last month, and the new orders index was at 63.5%, down from 63.7%. The Prices Index registered 76.8% in June, a 2.7 percentage point decrease from the May reading of 79.5%, indicating higher raw materials…

Read More Read More

Canada Recent Tariff Statistics

Canada Recent Tariff Statistics

Explained Statistics Canada Wednesday last week: On June 1, 2018, the United States implemented additional tariffs on selected Canadian steel and aluminum products exported to the United States. The additional tariff rates are 25% and 10% respectively. According to Statistics Canada’s international merchandise trade customs-based data, in 2017, the export value of aluminum products that are subject to the 10% rate was $9.2 billion; and the export value of steel products that are subject to the 25% rate was $7.2 billion. In response, on July 1, 2018, Canada imposed tariffs on…

Read More Read More

Madison’s Next Generation: Still 100% Canadian Owned

Madison’s Next Generation: Still 100% Canadian Owned

Hello to Madison’s valued subscribers and contacts alike: Yesterday we emailed all users their own logins to the new Madison’s Lumber Price data tool via Forest2Market. Please watch your inboxes for this exciting announcement. You will be able to start using the tool right away, and on Friday morning will see it updated with the latest price information. We have enjoyed chatting with folks on the phone and by email to answer any questions. Please certainly keep in touch with us about…

Read More Read More

Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing

Huge Correction on the Softwood Lumber Futures Board, Cash Might Be Wallowing

  A huge sell-off of futures this week took no one by surprise, then on Thursday a reversal to positive trades brought settlement this week to approximately US$555 but on minimal volume. In cash, prices wallowed at close to last week’s levels, with significant adjustments on some specific items as price sheets stabilized. The long-awaited wood of this winter has finally been arriving on the railways, and sawmills are able to move freshly-produced wood out of their yards. Customers, for…

Read More Read More

Canadian International Merchandise Trade: Annual Review 2017

Canadian International Merchandise Trade: Annual Review 2017

On June 6 Statistics Canada released data showing, on a quarterly basis, the value of Canadian exports of lumber and other sawmill and millwork products declined in 1Q (-2.2%) and 3Q (-6.4 %) 2017. Canadian export values of softwood lumber fluctuated substantially throughout 2017, as softwood lumber duty rates and coverage varied, said StatsCan. The modest increase in 2Q exports (+0.3%) resulted from growth in prices and lower volumes, while higher prices combined with temporary tariff reprieves contributed to a sharp +13.7% 4Q…

Read More Read More

Politics Upends the Lumber Market

Politics Upends the Lumber Market

The unprecedented turned to the frankly surreal last week as Canada placed retaliatory duties on a wide range of US imports, including wood and paper products. The latest trade data, meanwhile, shows quite a glowing picture of product sales across the Canada-US border for 1Q 2018. Current Softwood Lumber Prices Compared to Recent and Historical Highs The recently-entrenched transportation and logistics issues are slowly getting worked through in the North American forestry supply chain, and now both CN Rail and…

Read More Read More

Canada Sawmill Production: March 2018

Canada Sawmill Production: March 2018

Lumber production in Canada rose +11.4% in March from February, to 5,898 thousand cubic metres of lumber, according to the latest update from Statistics Canada Monday. Production was -5.2% lower than in March 2017. Sawmills shipped 5,393 thousand cubic metres of lumber in March, up +10.5% from February and -7.6% lower than in March 2017.

US Home Sales, Housing Inventory: March & April 2018

US Home Sales, Housing Inventory: March & April 2018

US pending home sales fell 1.3% to a reading of 106.4 in April, the National Association of Realtors said Thursday. NAR’s index of pending home sales hit a three-month low in April. The index tracks real-estate transactions in which a contract has been signed, but the transaction hasn’t closed. Meanwhile, in April, existing home sales fell 2.5% to an annualized rate of 5.46 million. On its own, this is not a remarkable story. What is more notable is the persistence…

Read More Read More

Canada Puts Duties on US Wood Products Imports

Canada Puts Duties on US Wood Products Imports

**edited headline to read “Wood Products” not “Softwood Lumber” As if this uncharted new territory of the current North American lumber market and prices wasn’t confusing enough, Thursday Canada put duties on a wide range of US imports, including some wood products. Canada intends to impose surtaxes or similar trade-restrictive countermeasures against up to C$16.6 billion in imports from the US. Aside from steel and aluminum, notable wood products will have a 10% or 15% tariff starting on July 1,…

Read More Read More