By: The Working Forest Staff
VANCOUVER, BC and CHARLOTTE, NC — Forest2Market and Madison’s have announced a partnership formed to bring Madison’s Weekly Lumber Report, a North American lumber price reporting service, to SilvaStat360, Forest2Market’s online business intelligence platform.
The Madison’s/Forest2Market partnership combines Madison’s lumber price data and market insights with Forest2Market’s SilvaStat360 cloud-based interactive delivery platform. Madison’s Lumber Reporter subscribers will have fingertip access to historic and current lumber price data that is updated weekly and available on a 24/7/365 basis.
“This is a tremendous step forward for Madison’s,” said Kéta Kosman, Editor of the Reporter. “To meet the challenges they are facing in 2018, operators in the North American lumber industry need more than data; they need less noise and more robust analytics. By moving the Lumber Reporter to SilvaStat360, we have been able to add significant value, both in terms of additional data and usability.”
“Weekly price data is essential for making operational decisions,” said Kosman. “This information help buyers and sellers make decisions about today’s transactions. But mill owners, managers, and investors need to make longer-term, strategic decisions. By including historical trend data, Madison’s Lumber Reporter makes this kind of decision making possible. The base product will include two years of history, and an additional eight years of data—a length of time that is ideal for forecasting—will also be available.”
Other features of the new product include:
- All prices are available on a single screen
- Commentary is matched to product
- The Price Sheet can be filtered, searched and sorted
- Filters can be saved for quick and easy drill-downs to the exact products you need to make decisions
- Twelve weeks of commentary are archived by topic
- Tables and graphs are printable
- Data is downloadable to .xls or .csv
Pete Stewart, president, and CEO of Forest2Market said, “Since its inception, Forest2Market’s mission has been to increase the efficiency of the forest products industry through the application of unique datasets and industry expertise. By providing Madison’s with a user-friendly interactive platform that allows subscribers the ability to find the exact data they need when they need it, we are fulfilling that mission. We are excited to bring another partner to our platform, which is quickly becoming a one-stop source of information for sawmill operators, with both log and lumber pricing and a sawmill benchmark.”
With an expected launch in July 2018, Madison’s and Forest2Market will be demonstrating a beta version of the product and accepting new subscriptions soon.