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The LBM Daily Newsletter: April 25, 2018.
THE DAILY BUZZ
 
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.



Send an email to the editor:
editor@lbmdaily.com


THE DAILY MARKET REPORT
 
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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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
Please remember that only the first 3 articles in each category below are displayed. For full access to the LBM Daily's News, please visit www.lbmdaily.com and subscribe to the LBM Daily Premium News Service.

 
FINANCIAL  >
There are 4 new articles in this category today.
West Fraser Lumber Appoints New CEO
Canfor Reports Results for First Quarter of 2018
Daily Risk Report: Lumber And Inflation
 
ENVIRO & LEGISLATION  >
There are 2 new articles in this category today.
Billions of Gallons of Water Saved by Thinning Forests
Mixed Reactions as EPA Declares Biomass Energy Carbon Neutral
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INDUSTRY NEWS  >
There are 2 new articles in this category today.
WoodWorks Leads Successful Blast Testing of Loaded Mass Timber Structures
AB: Lumber Producers Add Voice to Concerns Over Potential CP Rail Strike
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ECON & HOUSING  >
There are 3 new articles in this category today.
New Home Sales Rise 4 Percent in March
Home Price Appreciation Continued in February
New Home Sales Rise But With Underlying Variation
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