Futures market hints at lumber rally’s end

May 19, 2021
Category: Today's Takeaway

Lumber’s historic rally may be coming to an end—after the seventh straight drop in its futures’ price, although last week’s spot prices rose again. In related news: the NAHB and Construction Pros on what’s behind the fall in US housing starts; and New Brunswick stays the course on timber royalties despite record lumber sales. Companies making headlines include: Paper Excellence (a perfect marriage for Domtar); Domtar (Kingsport mill groundbreaking); and Georgia Pacific (Mississippi MDF mill fire).

In Forestry news: Police make arrests at Fairy Creek blockade, First Nation logging vandalized on BC’s Cortes Island; old-growth protests in Prince George; Canadian journalists call on courts to limit RCMP powers; and Oregon old-growth logging called a test for Biden’s climate agenda.

Finally, good news from Alberta on protecting the iconic but threatened grizzly bear.

Kelly McCloskey, Tree Frog Editor

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