Lumber futures climbed to record highs as dealers express concern over high prices, virus outbreaks and shipment-delays. In related news: BMO forecasts recovery of Canadian economy next year; US mortgage rates fall to record low; and China recovers from its record Q1 contraction. Meanwhile, more positive second quarter earnings are in for Western Forest Products, Interfor; Domtar and Rayonier Advanced Materials.
In Forestry/Climate news: FPInnovations releases guide to road building on weak soils; arson is suspected in Southeast BC wildfires; Vermont’s broadleaf forests are being managed for carbon; Brazil invites the private sector to adopt Amazon forests; and Portugal’s forest workers are distressed by imprecise fire alerts.
Finally, Interfor’s Covid-19 plan keeps Mohalla, Oregon sawmill outbreak in check.
Kelly McCloskey, Tree Frog Editor