Lumber climbed to $617 per thousand board feet, the highest level since October, as constrained supply outweighed subdued conditions in the housing market. The US lumber market remains tight, with domestic production failing to fully offset reduced imports from Canada following tariffs. Canada still supplies roughly 30% of US consumption, underscoring its continued importance despite trade barriers. The US Commerce Department has proposed lowering combined duties on Canadian lumber to 24.8% from 35.2%, but an additional 10% Section 232 tariff keeps the effective rate close to 35%. Supply pressures have been further intensified by wildfire damage and other production disruptions in Canada, prompting British Columbia to introduce emergency measures aimed at boosting timber availability after storms and fires threatened output.

Lumber fell to 619.50 USD/1000 board feet on June 11, 2026, down 0.08% from the previous day. Over the past month, Lumber's price has risen 4.82%, and is up 0.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Lumber reached an all time high of 1711.20 in May of 2021. Lumber - data, forecasts, historical chart - was last updated on June 12 of 2026.

Lumber fell to 619.50 USD/1000 board feet on June 11, 2026, down 0.08% from the previous day. Over the past month, Lumber's price has risen 4.82%, and is up 0.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 611.60 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 663.81 in 12 months time.



Price Day Month Year Date
Soybeans 1,112.54 -2.46 -0.22% -9.48% 4.00% Jun/12
Wheat 582.26 -4.49 -0.76% -13.80% 7.08% Jun/12
Lumber 619.50 -0.50 -0.08% 4.82% 0.33% Jun/11
Cheese 1.62 0.0009 0.06% -3.81% -16.12% Jun/12
Palm Oil 4,503.00 -48.00 -1.05% 1.46% 14.67% Jun/12
Milk 16.04 0.02 0.12% -6.14% -14.45% Jun/12
Cocoa 3,800.42 2.42 0.06% -13.49% -61.18% Jun/12
Cotton 76.32 -0.039 -0.05% -12.08% 16.76% Jun/12
Rubber 224.40 1.80 0.81% 1.17% 38.78% Jun/12
Orange Juice 165.80 -1.00 -0.60% -13.91% -39.42% Jun/11
Coffee 250.22 -0.03 -0.01% -10.87% -28.35% Jun/12
Oat 313.76 -1.7416 -0.55% -14.57% -18.82% Jun/12
Wool 1,979.00 15.00 0.76% 4.93% 65.33% Jun/12
Rice 12.21 -0.1200 -0.97% -3.75% -11.37% Jun/12
Canola 766.52 -6.48 -0.84% 2.50% 4.81% Jun/12
Sugar 13.71 -0.08 -0.57% -10.85% -14.77% Jun/12
Corn 410.45 -1.2992 -0.32% -14.62% -7.66% Jun/12


Lumber
Lumber is a key construction material produced from processed wood and widely used in residential building, infrastructure, and manufacturing. As a result, lumber prices are closely tied to housing activity, economic cycles, and supply conditions in forestry markets. Lumber futures are traded on the Chicago Mercantile Exchange (CME) and are used by producers, builders, and investors to manage price risk. Contract specifications require that lumber be produced in approved regions of the United States and Canada, reflecting the importance of North American supply in global markets. Production is heavily concentrated in North America and the Baltic Sea region, where forestry resources and processing capacity support large-scale output. Lumber prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
619.50 620.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Rises to 8-Month High
Lumber climbed to $617 per thousand board feet, the highest level since October, as constrained supply outweighed subdued conditions in the housing market. The US lumber market remains tight, with domestic production failing to fully offset reduced imports from Canada following tariffs. Canada still supplies roughly 30% of US consumption, underscoring its continued importance despite trade barriers. The US Commerce Department has proposed lowering combined duties on Canadian lumber to 24.8% from 35.2%, but an additional 10% Section 232 tariff keeps the effective rate close to 35%. Supply pressures have been further intensified by wildfire damage and other production disruptions in Canada, prompting British Columbia to introduce emergency measures aimed at boosting timber availability after storms and fires threatened output.
2026-06-11
Lumber Hits 8-week High
Lumber increased to 598.00 USD/1000 board feet, the highest since April 2026. Over the past 4 weeks, Lumber gained 3.57%, and in the last 12 months, it increased 0.5%.
2026-06-03
Lumber Near Three-Month High
Lumber futures were near $609 per thousand board, the highest since March, as tight supply offset muted activity in the housing sector. The US lumber market remained in a tight supply backdrop as domestic production has not expanded fast enough to make up for the drop in Canadian imports following the tariffs on Canada. The latest data indicated that Canada still accounted for up to 30% of domestic supply. The US Commerce Department recently proposed reducing combined duties on Canadian lumber to 24.8% from 35.2%, but an additional 10% Section 232 tariff keeps the effective burden near 35%. On top of that, wildfires and production disruptions in Canada magnified an already tight availability of wood, as British Columbia recently introduced emergency measures to boost timber availability after wildfire and storm damage threatened output.
2026-05-20