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The LBM Daily Newsletter: June 24, 2017.
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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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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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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