Vida AB, owned 70% by Canfor Corporation, will invest approximately 700 million SEK (US$67 million) at its Bruza Sawmill in Hjältevad, Sweden. This investment will increase production from 175 million board feet to 240 million board feet. The project includes a new high-capacity planing mill equipped with the latest technology, a new boiler, wood drying
LBM Daily Editor
US stocks rallied as bond yields rose ahead on the Labor Department’s jobs report on Friday. Yields declined earlier this week as investors ramp up expectations for Fed rate cuts. Oil prices rebounded a bit after plunging on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed
Toward the end of October, North American softwood lumber prices began their usual annual seasonal drop. Customers, whether retailers or end users, continued to make purchases for immediate needs only, keeping inventories quite lean. Sawmills kept production volumes tight to stay in line with weakening demand as this winter season truly comes on. After the
Please see the attached CME Daily Bulletin PDF below for more information. LBR CME Bulletin Open Interest 5840 – 96 Volume 538 + 0 = 538 + 1690 EFR’s – No EFP’s – 0 Block Trades were posted LBR Trade Ranges Alex Mead | Risk Management ConsultantO: 816.410.5769 | C: 816.868.0132www.stonex.com | alex.mead@stonex.com1251 NW Briarcliff | Suite 800 |
Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City. Michael M. Santiago | Getty Images Stock futures flickered near the flat line Wednesday night, following a three-day run of losses for the S&P 500 and the Dow Jones Industrial Average. Futures tied
British Columbia intends to reduce the export of raw logs harvested in the province by requiring that certain types of lumber from the Interior undergo manufacturing first. A statement from the Forests Ministry says changes to B.C. lumber regulations will require mills to “fully manufacture” lumber from cedar and cypress trees, producing items such as wood veneer,
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