The Working Forest Lumber Forecast Per December 2023
The Working Forest summarizes lumber prices in a comprehensive overview that includes a solid lumber forecast.
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Carbon Credits from Forestry – A Comprehensive Guide
Carbon credits are a vital mechanism in achieving emissions reductions and meeting emissions targets. They play a crucial role in the fight against climate change by facilitating the trading of CO2 emissions within an emissions trading system. By funding climate action projects that reduce greenhouse gas emissions, businesses and individuals can contribute to sustainable development,…
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Weyerhaeuser’s Bold $96.2M Plan to Revolutionize Lumber Mill
Weyerhaeuser, a leading name in the timber industry, is investing $96.2M in a transformative project at its Winn Parish lumber mill. The plan introduces cutting-edge technology promising increased safety, productivity, and product reliability. The project, spread across eight locations in Louisiana, is a testament to Weyerhaeuser’s dedication to sustainable development and economic growth. While the…
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The Working Forest Lumber Forecast Per November 2023
Lumber increased 12.50 USD/1000 board feet or 2.52% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Our lumber forecast expects lumber to trade at 486.08 USD/1000 board feet by the end of this quarter, according to our global macro models and…
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The Working Forest Lumber Forecast Per September 2023
Current Lumber Price: $508.50 per thousand board feet, reflecting a 1.60% increase. -The Working Forest Lumber Forecast Per September 2023
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The Working Forest Lumber Forecast Per August 2023
The lumber forecast and futures extended losses below $500 per thousand feet, the lowest in over two months driven by concerns about weakening demand, despite a decrease in supply. Housing, Supply Chain, Fires Are Factors Housing starts tumbled 8% month-over-month in June reaching a seasonally adjusted annualized rate of 1.434 million, following a downwardly revised…
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Forestry Sector Urges Government To End BC Port Strike
BC Canada – The latest on BC’s port strike. Estimated ripple effect to spread across the industry.
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Ikea owner buys 5500ha of Otago farmland for forestry
Most of the forest will be planted with radiata pine. Photo: 123RF / Lakeview Image Library The company which owns retail giant Ikea has bought 5500 hectares of Otago farmland to plant into forest. Ingka Group was approved to make the purchase of Wisp Hill by the Overseas Investment Office in August. A lease-back requirement will allow…
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Investment in building construction increased 6.3%
STATISTICS CANADA — Total investment in building construction increased 6.3% to $19.9 billion. Residential construction investment performed strongly in April, rising for a 12th consecutive month. In contrast, non-residential construction has not fully returned to pre-COVID-19 levels. However, it increased by 0.9% this month. On a constant dollar basis (2012=100), investment in building construction was up 5.8% to $15.3 billion in April….
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West Fraser Increases Dividend and Share Buyback Authorization
Vancouver, B.C. – West Fraser Timber Co. Ltd has announced an increase in the quarterly dividend to C$0.25 per share and an increase in the Company’s authorization to purchase up to 9,582,470 of its Common shares. Dividend Increase The Board of Directors of the Company has declared a quarterly dividend of C$0.25 per share on the…
