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The LBM Daily Newsletter: June 24, 2017.
THE DAILY BUZZ
 
More Duties Expected Today
 
The US commerce Department is expected to release details of a second round of duties today. Anti dumping duties will add to countervailing duties already imposed on subsidized Canadian lumber exports to the US. Analysts expect the number to be north of 10 percent.

More on this story can be found in today's Industry News category.



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THE DAILY MARKET REPORT
 
Futures & Options: Congestion
 
ContractCloseChangeVolumeOpen Int
July 2017363.00+2.902731965
Sept 2017347.50+1.201881423
Nov 2017341.60+2.7073626
Jan 2018.50.30UNCH19100
Mar 2018356.40UNCH132
May 2018355.30UNCH13
 
Lumber Futures prices posted an inside day on narrowly mixed trade highlighted by featured spreading. The July September spread traded just about half July’s volume between 13.10 and 16.60 finishing at 15.50. The market opened slightly higher on profit taking short covering then dipped lower uncovering more buying into the 200 day moving average of 359.30 setting the early low.

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Widman's Market Report & Barometer
 
The Widman Price Forecasting Service includes the Widman Market Report & Barometer, each published twice per month. These publications provide reports and research for the North American Softwoods Market, including price forecasting, indicators and insights.
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TODAY'S NEWS
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INTERNATIONAL  >
There is 1 new articles in this category today.
UK: World's First Hardwood Crosslaminated Tulipwood Building
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FINANCIAL  >
There is 1 new articles in this category today.
Price of 2x4 Down 14.5% in US Since Mid-April
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ENVIRO & LEGISLATION  >
There is 1 new articles in this category today.
Michigan Implements Hemlock Woolly Adelgid Quarantine
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INDUSTRY NEWS  >
There are 3 new articles in this category today.
Judge Axes Lumber Liquidators False Advertising Claims
Oregon Company Sees Bright Future in Tall Wooden Buildings
2nd Wave of Softwood Lumber Duties Sets up 'Dangerous' Talks for Canada
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ECON & HOUSING  >
There are 2 new articles in this category today.
BC Housing Spending + $15 Million on Terrace Housing Projects
Mortgage Rates Continue to Hold
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