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Black spruce stand at Arctic Chalet, Inuvik, NT Spruce-pine-fir (SPF) is a classification of lumber that can be traded on commodities exchanges.. In Canada, and parts of the United States, most of the spruce tree species, pine tree species, and fir tree species share similar physical and mechanical characteristics, to the point where lumber derived from any of these species are interchangeable ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
And that’s even before any additional tariff increases. In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021.
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U.S. consumers will see higher prices at the gas pump from President Donald Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders. The ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
In the same time period, shipments of value-added wood products increased. In 1993 the revenue made by value-added wood-exports was close to $4.7 billion. In 2002 the market price reached $11.4 billion. This trend surpassed the employment rate by threefold. Comparison of this relation indicates that labour productivity improved due to an ...
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