LUMBER The market firmed up to mill asking levels a week or so ago, which…
Here is what is happening in commodities this week.
Lumber…..Order files have not changed much from last week. Late March early April is common. It has been a quieter week for the most part,
perhaps higher prices, late loads, rising inflation and the geopolitical situation is having an impact on buyers mindsets.
So where do we go from here? Logistics has not really improved much and until it does we are not likely to see much downside.
Builders have long order files and cannot say stop at this point so demand for lumber products should remain high.
CP rail workers voted in favor of a strike which could take place as early as next Wednesday, hopefully they can find some common ground and avert any disruptions. Likely that the feds will step in and back to work legislation will be enforced.
So as you can see there are many things to consider and many different scenarios that can play out.
Fact is yards in the prairies will need to buy wood in the next 2-3 weeks to cover late April and May needs.
Order files are 3-4 weeks at the mills so other than some spot buys don’t look for much downside.
Can there be much upside? Time will tell.
Plywood…..Order files are late April early May and of course you can add extra time for delivery. Pricing has not changed much from last week with prices flat at most mills. Plywood should tread water for a few months as mills work through shipping problems and buyers can figure out their next moves.
OSB…….Order files are Mid to late April and pricing has flattened. We have seen the premiums that were being charged disappear with some markets
seeing loads offered around print. There are some maintenance shutdowns coming in April and perhaps that will have an impact on pricing.
WRLA will soon be upon us, please come drop by our booth for a visit. Booth # ‘s 511-513.
Have a great day and happy selling.