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28 July 2021
19:35 hour

Lumber prices surge as Canada wildfires cut production, shipments

Seeking Alpha

22/07/2021 - 01:44


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  1. Lumber prices? (16/07/2021 - Reddit Stocks)
    So I see lumber commodity prices have plummeted which in my opinion seems insane with all the lumber demand still out there. I predict that as retail prices fall many people who got priced out of the market will flood back in and spike the prices again. My question is what is the best way for a very small investor to buy in right now and easily sell if a spike happens? I don't know the pros and cons of commodity futures vs commodity stocks or ETFs. Any advice or opinions would be appreciated!   submitted by   /u/jamesrggg [link]   [comments]
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  2. Canada Mining Production (18/02/2021 - Trading Economics)
    Mining production in Canada decreased 8.86 percent in November of 2020 over the same month in the previous year. Mining Production in Canada averaged 1.56 percent from 1998 until 2020, reaching an all time high of 24.92 percent in May of 2017 and a record low of -20.11 percent in June of 2020. In Canada, Mining Production includes mining, quarrying, and oil and gas extraction. This page provides the latest reported value for - Canada Mining Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  3. Canada Manufacturing Production (18/02/2021 - Trading Economics)
    Manufacturing Production in Canada decreased 3.28 percent in November of 2020 over the same month in the previous year. Manufacturing Production in Canada averaged 0.39 percent from 1998 until 2020, reaching an all time high of 11.77 percent in March of 2000 and a record low of -28.79 percent in April of 2020. This page provides - Canada Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  4. Canada Industrial Production MoM (03/03/2021 - Trading Economics)
    Industrial Production in Canada increased 0.18 percent in December of 2020 over the previous month. Industrial Production Mom in Canada averaged 0.10 percent from 1997 until 2020, reaching an all time high of 6.25 percent in June of 2020 and a record low of -15.39 percent in April of 2020. In Canada, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Canada Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  5. Canada Industrial Production (17/02/2021 - Trading Economics)
    Industrial Production in Canada decreased 4.98 percent in November of 2020 over the same month in the previous year. Industrial Production in Canada averaged 0.99 percent from 1998 until 2020, reaching an all time high of 10.26 percent in August of 2010 and a record low of -20.54 percent in April of 2020. In Canada, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Canada Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  6. Canada Crude Oil Production (27/03/2021 - Trading Economics)
    Crude Oil Production in Canada increased to 4908 BBL/D/1K in December from 4577 BBL/D/1K in November of 2020. Crude Oil Production in Canada averaged 2203.69 BBL/D/1K from 1973 until 2020, reaching an all time high of 4908 BBL/D/1K in December of 2020 and a record low of 955 BBL/D/1K in April of 1982. This page provides the latest reported value for - Canada Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  7. Canada Steel Production (21/07/2021 - Trading Economics)
    Steel Production in Canada increased to 1070 Thousand Tonnes in December from 885 Thousand Tonnes in November of 2020. Steel Production in Canada averaged 1155.03 Thousand Tonnes from 1969 until 2020, reaching an all time high of 1534 Thousand Tonnes in March of 2000 and a record low of 349 Thousand Tonnes in August of 1969. This page has Steel Production values for Canada.
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  8. Paul Brandus: If Biden wants to boost homeownership, he should immediately end Trump’s tariffs (14/04/2021 - Market Watch)
    A surge in the prices of lumber and steel have made buying a new home out of reach for many Americans.
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  9. Paul Brandus: If Biden wants to boost homeownership, he should immediately end Trump’s tariffs (14/04/2021 - Market Watch)
    A surge in the prices of lumber and steel have made buying a new home out of reach for many Americans.
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  10. Lumber Alternatives? (30/03/2021 - Reddit Stocks)
    With the cost of lumber on the rise I am wondering if anyone knows of any solid companies that provide lumber alternatives. I did a little research and found some smaller companies working with hemp lumber, but am hoping someone knows of a company focusing on this at a larger scale. Any thoughts would be appreciated.   submitted by   /u/DoU92 [link]   [comments]
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  11. Canada Export Prices (02/03/2021 - Trading Economics)
    Export Prices in Canada increased to 111.60 points in December from 109.70 points in November of 2020. Export Prices in Canada averaged 86.38 points from 1986 until 2020, reaching an all time high of 114.10 points in July of 2018 and a record low of 62.60 points in September of 1991. In Canada, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates. This page provides the latest reported value for - Canada Export Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  12. Canada Import Prices (02/03/2021 - Trading Economics)
    Import Prices in Canada decreased to 120.70 points in December from 122.10 points in November of 2020. Import Prices in Canada averaged 1381.88 points from 1971 until 2020, reaching an all time high of 8964 points in November of 1985 and a record low of 75.90 points in July of 1988. In Canada, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides the latest reported value for - Canada Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  13. Commodities Corner: Why now might be the best time to buy lumber (16/07/2021 - Market Watch)
    After more than doubling in price last year, lumber futures have dropped to their lowest level of 2021, on track to suffer a third-straight monthly decline—potentially offering a “small window” for buyers to benefit from cheaper prices.
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  14. Economic Report: High lumber prices and other barriers choke the confidence of home builders and home buyers (15/06/2021 - Market Watch)
    Home builders are giddy about the soaring demand for new houses, but they're not so happy about high lumber prices, labor shortages and other barriers in their way.
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  15. Canada Raw Materials Prices (26/02/2021 - Trading Economics)
    Wholesale Prices in Canada increased to 100.50 points in December from 96.90 points in November of 2020. Wholesale Prices in Canada averaged 69.52 points from 1981 until 2020, reaching an all time high of 130.70 points in July of 2008 and a record low of 38.50 points in July of 1986. The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada. This page provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  16. Lumber DD: CNBC and Motley Fool's "Best Lumber Stocks" Unsurprisingly Are the Worst Price Performers or Are Unrelated to Lumber (08/04/2021 - Reddit Stocks)
    I had to do this cathartic post because it is hilarious how wrong/clueless the mainstream financial analysts continue to be when discussing how investors could benefit as investors from the historic surge in lumber prices. Context for anyone living under a rock the last 6 months Lumber has been surging to all-time high prices recently, with every indication that it will continue to climb for the next few months due to how massive the new home construction demand and the busy season just getting started. The price of dimensional lumber will likely dip at some point but will still stay at 2-3x its normal price into 2022 because of how insane the new housing construction boom. For those that have suggested otherwise in recent reddit posts, you’re wrong and this post isn’t about that debate. Go look at the 2021 and 2022 projections for all of the big home builders (KB, TOL, LEN, DHI, etc…). Every single one is to have record earnings the next two years from increased home construction even with the surge in lumber prices. The Financial Click-Bait “Best Lumber Stocks” If you’re new to lumber and google lumber stocks to maybe see what options are out there to look into, you no doubt have run into the same laughably annoying phenomenon that I did: the mainstream financial media/internet clickbait sites (like CNBC and Motley Fool) keep on producing the same regurgitated articles titled the “Best ___ Lumber Stocks” or “Best Ways to Play the Lumber Surge” which then offer the same regurgitated hot stock tips: 1) they recommend stocks that produce exclusively timber (like RYN) which get NO BENEFITS from the surge in lumber prices because timber (the logs which lumber is made from) aren’t the commodity whose price is surging 3-fold; 2) they recommend stocks that get a large portion of their revenue/enterprise value from things other than lumber (or have such a large stock float) so that the benefits of the lumber surge will be pretty diffuse and not have a proportional impact on their stock price (e.g. WY, a clickbait favorite); or 3) they pitch stocks like LL, Home Depot and Lowes who have done well riding the home improvement wave, but don’t actually produce their dimensional lumber at all and thus have absolutely nothing to gain from the surge in dimensional lumber prices. For those who want to invest in this lumber super cycle, it probably would be a good idea to invest in companies whose earnings are actually tied to the price of lumber. Companies like WFG, CFPZF, IFSPF and RFP (This list is not exhaustive; these are just examples). Companies like these that largely base almost all of their income on dimensional lumber, along with wood pulp and paper for some. (Note: wood pulp surging to a new high as well, so these guys coincidentally are enjoying a double whammy this year). And unlike WY, these lumber players don’t have nearly the volume of outstanding shares, so the surge in lumber prices is going to translate in a proportionally larger EPS growth. If you look at the stock price histories of these lumber companies and compare it to the historical price of lumber, their prices largely track with the changes in lumber (and to some degree wood pulp pricing). 2013 and 2018 had surges in the price of lumber and these companies’ stock prices correlated with those surges. Why? Because the price of lumber and wood pulp dictate these companies’ earnings. If you look at the timber companies, like WY and RYN, their stock prices don’t track well to lumber prices because the price of timber is separate. In fact, despite the epic lumber surge, some timber producers are still not doing well because there is a big glut of it in some areas of the continent. Let’s Look at the Numbers In the end, it’s the numbers that matter, so let’s look at the price performance of these stocks YTD, the last 6 months and the last year. CNBC and Motley pitched RYN, WY, LL, HD, and LOW as the best stocks to play the lumber surge. Let’s see how they have done the last year during this surge compared to the actual lumber companies: Shill Stocks: YTD, 6 Months, and 1 Year Other than LL, all of them have been doing ok. Some decent growth, all decently beating the SP. But nothing spectacular and certainly nothing showing explosive stock price growth correlating with lumber’s explosive growth. (I’ll address outlier LL later.) Now look at the Lumber Stocks: YTD, 6 Months, and 1 year I included WY to prove a point on how badly CNBC and Motley’s favorite “Best” pick has done compared to the actual lumber stocks. If you look at their growth, as a group its substantially larger than WY or RYN, or these hoe improvement store stocks.. Take away from the charts: The lumber stocks as a group have so far destroyed the shill stocks and actually show the type of growth you’d expect from a historic commodity surge. Unsurprisingly, these lumber stocks particularly destroyed WY which is the most shilled stock by the financial clickbait media, and is probably why WY then seems to be regurgitated in a lot of the recent reddit posts on Canadian lumber stocks. For those correctly pointing out that LL is up 500% in the last year, if you caught that party in Q4, good job. RFP is still beating than LL by over 200%, but still, great job. That being said, LL’s surge isn’t because of lumber prices and any future growth again won’t be from the surge in price in dimensional lumber. And you know that because the price of lumber has surged higher in the last three months, but LL is down ~20% in that same time frame. Frankly, if you bought LL when CNBC told you to in January 2021, you’d be down 20-25%. The point being that what propelled LL was not the surge in lumber and it’s future is not likely tied to any sustained lumber surge. Forward Looking Comments For those cynics who keep saying “Lumber cycle is over. It’s priced in,” you don’t know what you’re talking about and here’s why. These Canadian lumber stocks are all sitting roughly around their mid 2018 highs when Lumber surged to $600 MBF for 3 weeks in May 2018, and averaged about $550 MBF during the forestry’s Q2, and then crashed Q3/Q4 2018. For comparison, in 2021, lumber has been trading at over $1000 MBF since February, and the May futures just topped $1050 this week. Here’s the CME futures yesterday. January 2022 futures are now closing in on $800 MBF. It seems pretty clear all of these futures are rising and will continue to due so in the near term. 2021 earnings will likely blow 2018’s out of the water. Yet despite the fact that these futures show these companies are about the have some of the best back-to-back quarters in industry history, they are still sitting at their 2018 highs... doesn’t sound priced in to me. Case in point, here’s the basic valuation ratios for the Lumber Stocks, and here’s the valuation ratios for the Shill Stocks. Despite the epic run these lumber stocks have had this last year, they are largely still relatively undervalued and have drastically better forward PE’s when compared to the shill stocks or other related industrial sector averages. Conclusion I needed to write this cathartic post because I am sick of seeking these financial “professionals” shill the same mediocre/loser stocks as “the best lumber stocks” which have nothing to do with the production of lumber or are literally the worst price performers in the sector. I am not telling you what to buy and can’t predict who will do the best this year. Each of the lumber stocks have their advantage and disadvantages depending on investor preferences. And who knows, maybe these shill stocks are on the cusp of some epic 1000% gains. But if you want to find a way to benefit from the lumber surge, then it may be wise to invest in lumber producers who actually stand to directly gain from the surge in lumber and still have unrealized value to offer if market conditions stay on their current trajectory. If you are unsure if a stock you are looking at is timber or lumber, look at financial statements / website. You will be able to see in a matter of seconds if their earnings come from timber and real estate or wood products/lumber that are actually surging in value. Note: I am not a financial adviser. If there is one take away from this post, DO YOUR OWN RESEARCH. Don’t trust strangers on the internet or TV. Many of them are either lazy morons who keep regurgitating the same brainless clickbait they read somewhere or they have an ulterior motive and are selling you garbage. I'm long RFP but recognize that all of these lumber stocks will probably do well.   submitted by   /u/Ding123456 [link]   [comments]
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  17. So with the whole Lumber/Wood shortage going on, is there any Lumber stocks or ETF's that ya'll are into? (30/03/2021 - Reddit Stocks)
    Was just watching a Dave Ramsey video about a person asking questions on the housing market, and part of what was mentioned was about Lumber/wood. ​ I checked out $LL and its up 372% from the last year. Any of ya'll doing any plays on this or have some solid DD on it?   submitted by   /u/No_Cow_8702 [link]   [comments]
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  18. Canada Producer Prices Change (12/02/2021 - Trading Economics)
    Producer Prices in Canada increased 1.80 percent in December of 2020 over the same month in the previous year. Producer Prices Change in Canada averaged 3.26 percent from 1957 until 2020, reaching an all time high of 21.50 percent in November of 1974 and a record low of -7.10 percent in July of 2009. In Canada, producer prices change measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for - Canada Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  19. Apple Mac shipments grew more than 110% year-over-year in Q1 2021 (14/04/2021 - Reddit Stocks)
    'The Cupertino tech giant shipped an estimated 6.7 million Mac models in Q1 2021, up from an estimated 3.1 million shipments in Q1 2020, according to new data from analysis firm IDC. The surge represents growth of 111.5% year-over-year. Apple's share of the market also grew during that period, from 5.8% in the first quarter of 2020 to 8% in the first quarter of 2021. Apple clocked in fourth among the top PC vendors, behind Lenovo, HP, and Dell. None of those companies saw the same type of growth, however. The entire PC market also saw a continued surge in growth in the first quarter. Global shipments of desktops, notebooks, and workstations grew 55.2% year-over-year.' Source: https://forums.appleinsider.com/discussion/221091   submitted by   /u/Karnes [link]   [comments]
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  20. Canada Gasoline Prices (26/02/2021 - Trading Economics)
    Gasoline Prices in Canada increased to 0.97 USD/Liter in February from 0.89 USD/Liter in January of 2021. Gasoline Prices in Canada averaged 0.93 USD/Liter from 1992 until 2021, reaching an all time high of 1.32 USD/Liter in December of 2012 and a record low of 0.41 USD/Liter in December of 1998. This page provides the latest reported value for - Canada Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  21. : Home Depot charged four times more for some lumber products this year (18/05/2021 - Market Watch)
    Inflation from skyrocketing lumber prices had a big impact on Home Depot Inc.'s fiscal first-quarter results, but some Wall Street analysts appear surprised at just how willing the home improvement retailer was to pass the higher costs onto its customers.
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  22. Commodities Corner: Why so many commodities, including lumber and iron ore, have climbed to record highs (13/05/2021 - Market Watch)
    The commodities that help build an economy have rallied, with lumber, copper, and iron ore reaching record prices in recent weeks --- and demand looks set to continue.
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  23. Canada Producer Prices (12/02/2021 - Trading Economics)
    Producer Prices in Canada increased to 101.80 points in December from 100.30 points in November of 2020. Producer Prices in Canada averaged 53.56 points from 1956 until 2020, reaching an all time high of 101.80 points in December of 2020 and a record low of 13.30 points in February of 1956. In Canada, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for - Canada Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  24. Canada GDP Constant Prices (02/03/2021 - Trading Economics)
    GDP Constant Prices in Canada increased to 2045925 CAD Million in the fourth quarter of 2020 from 1999452 CAD Million in the third quarter of 2020. GDP Constant Prices in Canada averaged 1160795.60 CAD Million from 1961 until 2020, reaching an all time high of 2114113 CAD Million in the fourth quarter of 2019 and a record low of 343577 CAD Million in the first quarter of 1961. This page provides - Canada GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  25. Canada Core Consumer Prices (17/02/2021 - Trading Economics)
    Core Consumer Prices in Canada increased to 136.70 points in January from 136 points in December of 2020. Core Consumer Prices in Canada averaged 100.72 points from 1984 until 2021, reaching an all time high of 136.70 points in January of 2021 and a record low of 61.70 points in January of 1984. This page provides - Canada Core Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  26. Sibanye-Stillwater earnings surge on strong production, prices (06/05/2021 - Seeking Alpha)

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  27. Russia Exports of Lumber CMLV (13/02/2021 - Trading Economics)
    Exports of Lumber CMLV in Russia increased to 4316.50 USD Million in December from 3974.10 USD Million in November of 2020. Exports of Lumber CMLV in Russia averaged 1228.63 USD Million from 1994 until 2020, reaching an all time high of 4506.80 USD Million in December of 2019 and a record low of 25 USD Million in January of 1994. Russia accounts for Exports of Lumber using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Lumber CMLV.
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  28. North Dakota oil prices surge, production slows as DAPL in limbo (10/02/2021 - Seeking Alpha)

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  29. China Imports of Logs & Lumber (13/03/2021 - Trading Economics)
    Imports of Logs & Lumber in China increased to 2369000 USD THO in February from 1404800 USD THO in December of 2020. Imports of Logs & Lumber in China averaged 1535468.49 USD THO from 2014 until 2021, reaching an all time high of 2369000 USD THO in February of 2021 and a record low of 821655 USD THO in February of 2015. This page includes a chart with historical data for China Imports of Logs & Lumber.
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  30. Commodities Corner: Lumber and steel markets look to Biden’s infrastructure plan for their next big boost (16/04/2021 - Market Watch)
    There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.
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  31. Commodities Corner: Lumber and steel markets look to Biden’s infrastructure plan for their next big boost (16/04/2021 - Market Watch)
    There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.
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  32. Lumber shortage? Haven't heard about this nearly as much as steel shortage (11/05/2021 - Reddit Stocks)
    What's up with the lumber shortage, and 2. how does it affect various stocks? I don't see anyone talk about this, but we have /r/Vitards for steel, yet it feels a similar situation. And to think about it, what's up with semiconductors? 3) Okay so in general, there's a shortage of product (steel, lumber, semiconductors), I'd like to understand as a relatively new investor, how to use that information to inform my decisions about companies within those sectors?   submitted by   /u/salfkvoje [link]   [comments]
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  33. New Home Construction Housing Starts jump up 19.4% in March (16/04/2021 - Reddit Stocks)
    Despite soaring materials costs, housing construction took off in March despite the clickbait headlines in January and February that tried to make it look like the surge in lumber and building material costs was the reason home construction was down the first two months of the year. Expect more housing starts to increase as new building permits were also up in March. For those invested in lumber companies and residential building materials, today is good day! https://www.floordaily.net/flooring-news/housing-starts-rose-194-in-march https://www.bloomberg.com/news/articles/2021-04-16/housing-starts-in-u-s-rebound-sharply-after-winter-setback?utm_source=google&utm_medium=bd&cmpId=google I am long RFP (a lumber company) and loving it.   submitted by   /u/Ding123456 [link]   [comments]
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  34. Canada Core Inflation Rate (17/02/2021 - Trading Economics)
    Core consumer prices in Canada increased 1.60 percent in January of 2021 over the same month in the previous year. Core Inflation Rate in Canada averaged 2.12 percent from 1984 until 2021, reaching an all time high of 5.40 percent in January of 1987 and a record low of 0 percent in June of 1984. In Canada, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides - Canada Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  35. Japan Exports of Wood Lumber & Cork (03/04/2021 - Trading Economics)
    Exports of Wood, Lumber & Cork in Japan increased to 2331.74 JPY Million in February from 1629.92 JPY Million in January of 2021. Exports of Wood, Lumber & Cork in Japan averaged 576.38 JPY Million from 1983 until 2021, reaching an all time high of 2531.34 JPY Million in October of 2020 and a record low of 143.49 JPY Million in September of 1986. This page includes a chart with historical data for Japan Exports of Wood, Lumber & Cork.
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  36. Japan Imports of Wood Lumber & Cork (27/02/2021 - Trading Economics)
    Imports of Wood, Lumber & Cork in Japan increased to 26115.07 JPY Million in January from 21986 JPY Million in December of 2020. Imports of Wood, Lumber & Cork in Japan averaged 56229.57 JPY Million from 1983 until 2021, reaching an all time high of 114023.74 JPY Million in June of 1993 and a record low of 20903.07 JPY Million in December of 2009. This page includes a chart with historical data for Japan Imports of Wood, Lumber & Cork.
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  37. Futures Movers: Crude prices surge to more than 2-year high ahead of OPEC+ meeting (01/06/2021 - Market Watch)
    Crude prices soared on Tuesday ahead of a meeting of the Organization of the Petroleum Exporting Countries and their allies that will decide on production levels.
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  38. : California’s rising house prices increase the risk of more wildfires — and there could be devastating consequences (10/06/2021 - Market Watch)
    Last year, California experienced five of the six largest fires in the state’s history. The dynamics in the housing market mean that history could repeat itself.
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  39. Covid-19 Impact: India’s notebook shipments at all-time high level in 2020 (18/02/2021 - Financial Express)
    The year 2020 ended as the biggest year for notebooks with 7.9-million-unit shipments during the year, a y-o-y growth of 6%. Had the industry not been challenged by component shortages, notebook shipments could have been much higher during the year.
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  40. Lumber prices pause near record high in wild trading day (13/05/2021 - Seeking Alpha)

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  41. Weyerhaeuser upgraded at Raymond James on soaring lumber prices (26/04/2021 - Seeking Alpha)

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  42. Lumber prices could tumble to $600 by year end, but volatility rules current trading (20/04/2021 - Seeking Alpha)

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  43. Lumber slumps by exchange limit; analyst says prices dropping sharply (04/06/2021 - Seeking Alpha)

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  44. Timberland REIT stocks slip as lumber prices continue to fall (17/05/2021 - Seeking Alpha)

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  45. Futures Movers: OPEC+ calls off output talks again Monday, leading crude oil prices to surge (05/07/2021 - Market Watch)
    Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt to resolve a deadlock on increasing production, and leaving the oil market facing tight summer supplies and rising prices, Reuters, Bloomberg and the Wall Street Journal reported.
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  46. Parabolic lumber prices face reversal, but will remain elevated - Wells Fargo (27/04/2021 - Seeking Alpha)

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  47. Lumber prices log biggest–ever weekly drop but analysts see long-term strength (12/06/2021 - Seeking Alpha)

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  48. NAND bit shipments in Q1 growing while prices drop (03/03/2021 - Seeking Alpha)

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  49. FA Center: What lumber and gold prices tell us about the stock market’s next move (16/06/2021 - Market Watch)
    Commodities have an effect on stocks but the one to watch is platinum.
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