Month: November 2023

After a minor boost in recent weeks, 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 their inventories quite lean indeed. This story originally appears in the latest print issue of Canadian Forest Industries […] The post Year-End 2023 North America Softwood Lumber Market Update first appeared on Madison’s Lumber Reporter.

The ongoing strategy of North American sawmills reducing production and curtailing manufacturing volumes succeeded in reversing the usual seasonal drop of lumber prices. As November dawned, the supply-demand balance was such that lumber sellers were able to actually increase prices somewhat. Customers have been running on lean inventories for most of this year, as macroeconomic […] The post Lumber Prices Rise on Supply Constraints first appeared on Madison’s Lumber Reporter.