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The LBM Daily Newsletter: May 18, 2021.
THE DAILY BUZZ
 
Talking Softwood Lumber
 
Representatives from both sides of the border will meet to try and make some progress on softwood lumber. Republicans are in favor of eliminating tariffs altogether in light of pressures on the country's homebuilding industry.

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



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THE DAILY MARKET REPORT
 
Futures & Options: Limit Down
 
ContractCloseChangeVolumeOpen Int
July 20211327.00-63.004701362
Sept 20211177.00-63.00121440
Nov 20211023.00-63.0049260
Jan 2022958.50-54.70749
Mar 2022940.00-53.0051
 
Lumber Futures once again settled sharply lower on carryover selling from technical weakness as front Month July Contract gapped lower for the second consecutive session breaking through the 20 mover, combined with OI increasing (if OI continues to increase from a technical perspective that would confirm more technical weakness with new selling on a trend change).

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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 are 2 new articles in this category today.
African Rainforests Still Slowed Climate Change Despite Record Heat and Drought
FSC-Certified Indonesian Logger May Have Clear Cut Orangutan Habitat
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FINANCIAL  >
There are 2 new articles in this category today.
Lumber Prices Decline for a 6th Straight Day Even as Supply Bottlenecks Persist.
Home Depot Continues to Ride Demand Surge
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INDUSTRY NEWS  >
There are 7 new articles in this category today.
BC: RCMP Move to End Fairy Creek Blockade on Vancouver Island, Allowing Logging to Resume
A Lumber Demand Snapshot From Maine
Trade Chief Tai to Meet with Canada, Discuss Lumber Tariffs
 
ECON & HOUSING  >
There are 8 new articles in this category today.
NAHB: Building Materials Top Housing Concerns
Quebec to put Damper on Residential Fossil Fuel Heating
WA: Expanding Affordable Housing Options Through Missing Middle Housing