The latest sawmill curtailments caused lumber futures prices to reverse, suggesting prices are likely to stop falling if not increase. In related news: BC braces for more closures; Norbord to indefinitely curtail its OSB plant in central BC; Steelworkers surprised by Canfor curtailments; Resolute to extend mill shutdown in Ontario; fear of higher lumber prices dent US home builder stocks; and global sawlog prices fall to the lowest level in two years.
In Forestry news: alarm bells are sounding on BC’s drought conditions; a Northern BC First Nations group pushes for a new conservation area; high DDT levels persist in New Brunswick’s lakes; and National Public Radio highlights concern over forest firefighter health in the Pacific Northwest.
Finally, AF&PA has a new CEO and the UK balcony fire draws a rare rebuke by timber groups.
Kelly McCloskey, Tree Frog Editor