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Winter kept an icy grip on the eastern half of the U.S. and Canada, hampering production, shipments, and especially sales. Veteran traders with customers based in the East and South couldn’t recall a winter as tough as this one, even with last winter’s extensive troubles still fresh in their minds. The Random Lengths Framing Lumber Composite Price hit a four-week average that was low enough to initiate a tax for April on lumber shipments from Canada to the U.S. for the first time since October 2013...
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Prices of framing lumber continued to fall, as demand failed to match production. Warmer weather in many markets in the East and Midwest was encouraging, and generated more inquiries, but failed to translate into a notable increase in consumption. Rain was still an issue in some markets, including the Southeast. However, the general mood brightened in the South, where buyers saw values in some items and stepped in. The Random Lengths Framing Lumber Composite Price fell $6, to $335...
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With seasonal factors working against them, framing lumber producers worked hard to push order files close to the holiday season while giving as little ground on prices as possible...
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A cold weather front that affected much of the U.S. and Canada, the exodus of traders to Chicago for the NAWLA Traders Market, and concerns about year-end inventory levels combined to dull demand for framing lumber...
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Trading of framing lumber slowed after Wednesday, as traders hit the exits or waited to take a fresh look at the market after the long holiday weekend...
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Traders had a mix of feelings about the framing lumber market, but sales overall were steady to active in the field, and the overall tone was bullish...
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