timber

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Timber haulers who took a hit from the COVID-19 pandemic are eligible for up to $125,000 from a pot of $200 million made available by the federal government. The funding package announced this week by the U.S. Department of Agriculture – authorized as part of the pandemic relief bill passed in...

As many commodities have continued to climb impressively, one stands out like a sore thumb to me: lumber. What can the price of lumber mean, or more importantly, do for you? Before diving into the lumber market, let’s review the current state of the S&P 500. There weren’t...

Rayonier Inc. (NYSE: RYN) is a timberland REIT with assets in the U.S. and New Zealand. The company recently announced the addition of a Marcato Capital Management executive to its board. The Analyst Citigroup analyst Anthony Pettinari initiated coverage of the shares of Rayonier with a Neutral...

In the wake of Hurricane Harvey and in anticipation of Hurricane Irma, some investors have been paying renewed attention to timber and forestry exchange-traded funds. The dominant names in that group are the Guggenheim MSCI Global Timber ETF (NYSE: CUT) and the iShares Global Timber & Forestry...

Shares of Weyerhaeuser Co (NYSE: WY) — a timber, land and forest products company — were trading lower by nearly 2 percent Wednesday after a long-time bullish analyst turned incrementally negative on the stock. Bank of America's George Staphos downgrades Weyerhaeuser's stock rating from...

With one taunting tweet, President Donald Trump threw wood on the fire of a skirmish with Canada that his administration insists is not war between two of the closest trade partners on the planet. Trump announced he was imposing tariffs of up to 24 percent on imported softwood lumber, retaliation...

Investors were enthused earlier this week by some strong housing data. New home sales jumped 12.4 percent in July to a seasonally adjusted rate of 654,000 annual units, well ahead of economists' estimate of 580,000 units. Although the June number was revised lower to 582,000 from 592,000, the...