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Citi rates Treasury Wine Estates at neutral, noting underperformance to wider industry, as US retail sales fall 2% in October; exports to China down 26% year-over-year in Q3, but winemakers may be holding on to inventories in hopes of China tariff removal
Published: November 29, 2023 by FN Arena
Supply constraints drive up softwood lumber prices by 6% week-on-week to US$404 mfbm amid increased demand, lean inventory levels near end of year; sawmill orders stretch into December, with higher demand for Western SPF, Southern Yellow Pine: Madison's
Published: November 29, 2023 by Industry Intelligence Inc.
Commentary: British Columbia could learn from Finland in forest management, though their forests differ significantly; ideas include creating detailed forest inventories using LiDAR data, incentivizing increased utilization of all biomass
Published: November 29, 2023 by Williams Lake Tribune
US commercial crude oil inventories in week ended Nov. 24 increased by 1.6 million barrels from the previous week to 449.7 million barrels; inventories are slightly above the five year average for this time of year: EIA
Published: November 29, 2023 by U.S. Energy Information Administration (EIA)
Moody's: Growing rental inventory weakens home prices, and rising competition in housing market could lead sellers to reduce prices, especially high-end properties; mortgage rates could stabilize at 5%-6%, potentially boosting home sales
Published: November 28, 2023 by Business Insider

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