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The LBM Daily Newsletter: April 25, 2018.
Too Many Trees
Scientists say there are too many trees in Sierra Nevada forests, drawing too much water out of the ground and losing it via transpiration. The process can be harmful to California's already fragile water system, particularly during period of drought.

More on this story can be found inside today's LBM Daily newsletter.

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Futures & Options: New Highs
ContractCloseChangeVolumeOpen Int
May 2018556.60+9.906393126
July 2018545.00+9.705383263
Sept 2018529.70+8.9090391
Nov 2018507.10+9.1012166
Jan 2019481.80+8.20687
Mar 2019460.00+4.0039
Lumber futures settled higher across the board, setting new highs. May settled at $556.60, up $9.90 and established a moderate $10.40 trade range. July settled at $545.00, up $9.70 and Sept. settled at $529.70, up $8.90. Heavy trading volume 1,200 contracts traded, up 235.

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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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