Wood Markets News


The Conference Board Reports Consumer Confidence Held Steady in May

The Conference Board, a non-partisan, not-for-profit think tank founded in 1916, released today (5-25-21) their Consumer Confidence Index® (CCI) for May 2021. The CCI held steady in May following gains in April and a strong monthly gain in March. The Index now stands at 117.2 (1985=100), down slightly from 117.5 in April.

Hot Temperatures and Dry Conditions Put Idaho’s Forests at High Risk for Wildfires

According to the Bureau of Land Management (BLM), more than 120 wildfires have already been reported in Idaho in 2021 and we are just approaching the official start of wildfire season. Fire management chief, Josh Harvey, with the Idaho Department of Lands (IDL) is worried, saying “We’re definitely below our level of moisture that should be sitting in the ground right now.”

Canadian Dollar Closes in on 6-year High as Inflation Concerns Ease

On Friday (5-21-21), the Canadian Dollar rose against its U.S. counterpart as investors worries about U.S. inflation eased, while Canadian domestic data showed retail sales climbing in March and the Canadian Dollar moving close to a six-year high — established earlier in the week and completing its eighth straight weekly advances.

U.S. Senators Urged to Heed Risks to Nations Forests

In his capacity as president of the National Association of State Foresters (NASF), Arkansas State Forester Joe Fox testified at a hearing before the U.S. Senate’s Agriculture Committee titled: “Federal, State, and Private Forestlands: Opportunities for Addressing Climate Change.” In his testimony, Fox warned lawmakers that without “significant investments,” the nation’s timberlands are at risk.