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| Logging May Be to Blame for 8,000+ Acre Blaze |
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| Authorities suspect logging equipment may be to blame for western Wisconsin wildfire that has burned nearly 9,000 acres so far. "It's one of the largest fires in the last couple decades," Wisconsin DNR spokesman Kevin Harter said. You can find more in the Industry News section of today's LBM Daily
Send an email to the editor:
editor@lbmdaily.com |
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| Futures & Options: May Expiration |
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| Contract | Close | Change | Volume | Open Int | | | May 2013 | 314.30 | -6.20 | 134 | 317.00 | | | July 2013 | 322.70 | -5.00 | 648 | 325.90 | | | Sept 2013 | 320.70 | -5.70 | 160 | 322.10 | | | Nov 2013 | 317.40 | -5.70 | 34 | 318.80 | | |
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| The "spot" May contract expired at $314.30 or $318.00 fob mill equal to an approximate $10.00 to $15.00 discount to today's cash sales. The contract was victim to speculative and commercial long liquidation from buyers who elected not to take on any additional inventory priced above the current market. However, new buyers showed interest under $315.00 for Delivery/EFP's taking advantage of the discount in May for purchases covering previously sold commitments. ...Click here to read the rest of this article. |
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| Market Overview |
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| U.S. stocks jumped to record highs yesterday on stronger U.S. growth news, and a strengthening dollar fuelled further losses in oil and gold. In New York, the Dow Jones ended up 123.57 points at 15,215.25. Canadian stocks rose as industrial and energy shares advanced. In Toronto, the S&P/TSX rose by 47.50 points to 12,577.05. ...Click here to read the rest of this article. |
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