Trade Bulletin – Vol. 1 Issue. 2 – Canada 50% Tariffs Paused

The three-day suspension moves the planned start of the 50% Section 338 tariffs from Aug. 19 to Aug. 22, 2026.
The U.S. and Canada say a deal is subject to final documents. Existing Section 232, AD/CVD and
Section 301 treatment remains separate; confirm final customs instructions before affected entries.

Sawdust Signals – Vol. 1 Issue. 2 – The Split Jury Edition

A practical field read for lumber buyers, sellers, manufacturers and distributors.
Cash is confirming the softer tone, but futures still lead price discovery. Positive cash basis and
nearby/deferred carry give buyers leverage without making every physical tally cheap. More producers are
taking sizeable counters to move on-ground inventory when volume and destination align; protected mills
are digging in. Press common 2-inch, Southern Pine and soft stud trims; protect real replacement risk.