Chicago lumber futures were trading around the $600-per-thousand-board-feet mark, rebounding from an 11-month low of $479 hit on August 5th as demand shows signs of coming back with the growth of single-family homes available for sale easing in recent weeks. Still, lumber prices are down more than 60% since their March peak as sky-high mortgage rates and soaring materials prices took a toll on potential buyers. On top of that, sawmills choose to take seasonal and maintenance curtailments during this time of the year as most of the large US home builders have already made their purchases for planned autumn construction projects.

Historically, Lumber reached an all time high of 1711.20 in May of 2021. Lumber - data, forecasts, historical chart - was last updated on August of 2022.

Lumber is expected to trade at 622.26 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 734.82 in 12 months time.

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Lumber



Price Day Month Year
Soybeans 1,472.50 -2.75 -0.19% 7.05% 11.30%
Wheat 750.01 -13.24 -1.73% -7.66% 3.09%
Lumber 598.40 2.30 0.39% -6.62% 27.86%
Cheese 1.98 0.0070 0.35% -10.48% 24.42%
Palm Oil 4,045.00 -148.00 -3.53% 6.11% -4.55%
Milk 20.05 -0.12 -0.59% -11.05% 25.08%
Cocoa 2,400.00 67.00 2.87% 3.05% -8.75%
Cotton 118.75 0.43 0.36% 18.51% 27.05%
Rubber 149.00 -0.10 -0.07% -5.87% -14.56%
Orange Juice 170.15 -5.05 -2.88% 12.01% 28.37%
Coffee 217.45 -1.90 -0.87% 0.53% 21.01%
Oat 422.17 -5.8448 -1.37% -11.91% -14.24%
Wool 1,342.00 0 0% -3.31% 0.52%
Rice 16.69 0.0250 0.15% -2.74% 26.49%
Canola 811.00 -4.60 -0.56% -3.34% -8.96%
Sugar 18.17 -0.07 -0.38% -6.39% -9.92%
Tea 2.91 -0.11 -3.64% 2.83% -19.39%
Corn 610.86 -4.1413 -0.67% 2.36% 11.07%


Lumber
Lumber is wood that has been processed into beams and plank. The biggest producers of lumber are concentrated in the Baltic Sea region and North America. The futures contract traded on Chicago Mercantile Exchange specifies that the lumber must be manufactured in certain U.S. states and Canadian provinces.
Actual Previous Highest Lowest Dates Unit Frequency
598.40 596.10 1711.20 111.70 1978 - 2022 USD/1000 board feet Daily