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Softwood lumber prices finally exceeded break-even levels at the end of 2024 but not before many lumber producers reduced capacity. Total 2023 North American softwood lumber production capacity was over 75 billion board feet (BBFT). North American lumber capacity increased more…
“Nothing travels faster than the speed of light, with the possible exception of bad news, which obeys its own special laws.” – Douglas Adams While attending a recent forestry meeting, I received a text message about more sawmills closing due more…
At Forisk, we often evaluate our past performance to learn from, and improve, our work. Our forecast scorecards, published in every issue of our Forisk Research Quarterly (FRQ), are the most visible evidence of this practice. However our team often more…
This post is the third in a series related to the Q2 2024 Forisk Research Quarterly (FRQ), which includes forest industry analysis and timber price forecasts for North America. Introduction Oriented strand board (OSB) is a building material made from small diameter more…
Mill news is mixed for the North American forest products industry as firms continue to complete mill investments and announce mill closings. In the first quarter of 2024, firms advanced sawmill expansions in the U.S. South while others closed sawmills more…
After peaking the past three years, softwood lumber prices finally returned to break-even levels in 2023. Poorly positioned lumber producers closed, reducing North American lumber capacity by 2% after gains in 2022 and 2021. Closures included 9 sawmills with capacities more…
Following the start of the conflict, many western countries and their allies imposed strict economic sanctions on Russia and many major European utilities halted biomass purchases from Russia, as discussed in the Q2 2022 FRQ. According to data from FutureMetrics, more…
This blog includes data from the Forisk Wood Fiber Review, a quarterly publication tracking North America’s major wood fiber markets. For more information, please visit www.forisk.com. There are plenty of residual chips available in the northwest US, with consuming mills reporting more…
This blog includes data from the Forisk Wood Fiber Review, a quarterly publication tracking North America’s major wood fiber markets. For more information, please visit www.forisk.com. In North America, there are four major exporting pellet regions: South Central, Southeast, East more…
Pulp and paper mill closures garner headlines as they represent massive facilities employing hundreds and contributing millions of dollars to local economies. They also provide an important market for wood fiber for forest landowners and sawmills. Mill closures hamper landowners’ more…