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An example of a few headlines sent to our customers on Feb, 02 2022
Forestry & Timberland

powered by Industry Intelligence, Inc.

February 02, 2022

Industry Roundup

Pulpwood

Wood fiber costs rose for world's softwood pulp producers in 2021, most notably in Western Canada, US South, Latin America, Oceania; Softwood Fiber Price Index in Q3 was at its highest level since 2014, up 8.1% from Q3, 2020: WRQ
Wood Resources International LLC (02/01)

Forest/Plant Biotechnology

BASF’s vegetable seeds business's tearless onion variety Sunions now being launched at supermarkets in France, Germany, Italy, UK; the yellow onion variety was already launched in US and Canada in 2017 and in Spain in 2020
BASF SE (02/01)

Forestry

Corporate demand for carbon removal, offsetting could be worth US$800B/year for investors by 2050; traditional forestry investment is competing with growing carbon sequestration market, with potential implications for traditionally-managed timberlands
IPE Real Assets (02/01)

OECD warns New Zealand not to rely on tree planting, carbon credits to slash GHG emissions, which are among world's highest per-capita; it says cuts in agriculture and transport emissions are needed, suggests environmental levies and congestion charging
The New Zealand Herald (02/01)

Forestry/Timberland

ESG Playbook, a cloud-based sustainability and corporate social responsibility data software company, to offer its clients carbon offsets and reduction services through Carbonfund.org Foundation's renewable energy, forestry, energy efficiency projects
PR Newswire (02/01)

 Agri

Fruit Farming

Warming Lake Michigan threatens cherry, apple crops in state, which grows 70% of US tart cherries, is third-largest apple producer; winds passing over lake's cold waters keep fruit trees dormant longer as winter turns to spring, protecting against frosts
The Sault News (02/01)

Animal Farming/ Meat Production

Rabobank: Global pork trade will decline, mainly driven by reductions in China's import demand as local production recovers; though global import demand will likely decline in 2022, pork prices expected to stay resilient given high production costs
National Hog Farmer (02/01)

Agricultural Technology

US investors AppHarvest, Bonaventure Capital back international expansion of Saudi Arabia-based agtech company Red Sea Farms; its technology, being evaluated in Arizona, could ease reliance on freshwater use for food production, improve food security
Global Data Point (02/01)

Saudi Arabia and UAE agtech company Red Sea Farms eyes water-scarce US states for overseas expansion; University of Arizona to evaluate technology that enables commercial farming of produce using low energy, zero freshwater sustainable climate control
Red Sea Farms (02/01)

 Land

Farmland

Ritchie Bros. in its largest-ever agricultural auction sells more than C$33M-worth of Saskatchewan farmland and equipment; online auction featured 59 parcels totaling more than 9,600 acres of farmland, and 97% of the assets went to Canadian buyers
Canada Newswire (02/01)

 Wood Products

Plywood

International Forest Products adds Ari Zolet to Solid Wood Products Division as Sales Manager at its office in Curitiba, Brazil; Zolet has almost thirty years of timber trade experience, will aid IFP’s existing US business in plywood, composite panels
International Forest Products LLC (IFP) (02/01)

Hardwood Lumber/Products

Lyme Timber, Rossi Group resume full production for Bradford Forest hardwood mill in Pennsylvania from prior 60% capacity under previous owners; site investments to exceed US$2M in 2022, including new headsaw carriages in April to lift capacity by 10%-15%
The Bradford Era (02/01)

Canadian sawmills produce 4.66 million m3 of hardwood and softwood lumber in October, up 0.3% from September but down 8.4% year-over-year: Statistics Canada
Statistics Canada (02/01)

Lumber

CIBC Chopping Block (Jan. 28): Lumber channel bracing for weaker prices, with traders becoming more cautious given plunge in futures, increased domestic supply; Western SPF down 2.0% week-over-week to US$1,200/mbf, SYP 2x4 up 0.3% to record US$1,510/mbf
CIBC World Markets Inc. (02/01)

Woodgrain begins renovating former Coffman Stairs plant in Marion, Virginia, aiming to have staff at the plant by May or June; company also working on former Independence Lumber sawmill in ongoing expansions that will boost local forest product purchases
Smyth County News & Messenger (02/01)

 Pulp/Fiber

Paper Pulp

Foam can be generated from renewable lignocellulose for making thermal insulation without using polystyrene; bleached pulp foam produces highest foam volume, stability, thermal insulation, while lignin foam only improves stability: study
Chemicals & Chemistry Daily (02/01)

Recovered Paper

IP produced 1 million tonnes of recovered containerboard at its mill in Fuenlabrada, Spain, from 2018-2021; mill uses one of EU's most advantaged recycled containerboard machines, implements 100% self-sufficient energy, closed loop recycled water system
International Paper Co. (02/01)

Publication/Fine Paper

Koehler Paper is increasing prices by 10% worldwide for its Thermal, FineTech, and Carbonless Papers for shipments from Apr. 1 onward; company says price hike comes amid continuously rising costs for energy, chemicals, and logistics
Koehler Oberkirch GmbH (02/01)

Containerboard

CIBC Paper Wrapper (Jan. 28): Containerboard price hike gains wide support, as IP's US$70/ton March hike has been matched by WestRock, PCA, Pratt, Cascades, McKinley Paper, Midwest Paper, among others; most public companies cited ‘market conditions’
CIBC World Markets Inc. (02/01)

Wells Fargo: Q4 2021 corrugated demand in line with expectations, with same-day box shipments down 2.2%, consumption down 1.8%; Q4 saw challenging prior-year comps, and export deliveries rose 5.9% year-over-year as shipment delays from Q3 were fulfilled
Wells Fargo & Co. (02/01)

 Real Estate

Mortgages/Home Financing

Zacks: Meritage Homes is Bull of the Day on Feb. 1, as it expects to see strong 2022, as potential rise in mortgage rates has brought out more buyers; analysts expect flat growth in 2023, which is unsurprising given inflation, possible mortgage rate hikes
Zack's Commentary (02/01)

Real Estate

Share of prospective US buyers actively trying to find a home fell to 52% in Q4 from 57% in Q3; falling levels of housing affordability have discouraged potential homebuyers from engaging in the purchase process: NAHB
National Association of Home Builders (NAHB) (02/01)

 Logistics

Rail Cargo/Shipping

Union Pacific to invest US$100M toward what it says is world's largest carrier-owned battery-electric locomotive fleet; company to purchase 20 locomotives from Progress Rail and Wabtec to be used for testing in California and Nebraska, starting in 2023
PR Newswire (02/01)

Logistics data platform project44 expands intermodal visibility including rail visibility into all European countries with over 99% network coverage, barge and cold-chain; platform's network represents over half of all freight moved by land in Europe
PR Newswire (02/01)

Trucking/Van Delivery

Cloud-based supply chain management platform E2open to integrate logistics payment solution PayCargo to simplify freight payment process for carriers and shippers; move to lower congestion, pollution by reducing idle time for containers and trucks
Business Wire (02/01)

Ocean Cargo/Shipping

Software-as-a-service platform Morpheus.Network partners with supply chain integration platform Chain.io to provide connectivity between freight forwarder, transportation management platforms; move to give clients improved vessel and container visibility
GlobeNewswire (02/01)

Logistics, Shipping & Delivery

Norfolk Southern completes installation of five diesel-battery electric overhead gantry cranes at Chicago and Atlanta intermodal terminals; company aims to convert all cranes in network over next decade to reduce over 300,000 metric tons of emissions
PR Newswire (02/01)

DHL Supply Chain to take over management of aircraft maintenance company Finnair Technical Services' warehouse operations in Finland, beginning around spring or June 2022; 40 employees working on current warehouse contract to be transferred to DHL
Deutsche Post AG (DHL) (02/01)

 Bioeconomy

Biomass

Koehler Paper invests €6.5M into converting power plant at its paper mill in Greiz, Germany, with commissioning at end of 2022; company switching plant to wood fuel from lignite after developing new way to use biomass in existing coal-fired power plant
Koehler Oberkirch GmbH (02/01)

Wood Pellets

Norske Skog to sell wood pellet producer Nature’s Flame to New Zealand dairy, fishing, produce, food company Talley’s for NZ$47.8M; Norske Skog acquired Nature’s Flame in 2015 for NZ$6.7M, has expanded capacity to 90,000 tonnes from 20,000 tonnes
Norske Skogindustrier ASA (Norske Skog) (02/01)

Biotechnology

Hemp hurd can produce dissolving-grade pulp suitable for textile fiber production, nanocellulose, high yield of bio-oils for green chemicals if processed with reductive catalytic fractionation; hemp hurd is mistakenly treated as low-value material: study
Economics Daily Report (02/01)

 Stock

Latest: Feb, 01 2022

Latest Value Prev Chg YOY Chg
Watchlist
PotlatchDeltic (PCH) 52.19 53.79 -2.97% 5.35%
Rayonier (RYN) 36.19 36.54 -0.96% 14.78%
Weyerhaeuser (WY) 40.63 40.43 0.49% 26.81%
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