Lumber futures slipped below $590 per thousand board feet, the lowest level in nearly four weeks, as housing demand weakened and earlier restocking momentum faded. Demand softened as financing costs edged higher and housing activity cooled, with US pending home sales plunging 9.3% month on month in December 2025, removing a key source of construction and renovation related wood consumption ahead of the spring building season. At the same time, mills continued running to rebuild inventories after the winter squeeze, increasing physical availability while distributors reported quieter order books. The combination of softer demand and rising availability encouraged position unwinds after January’s rally, with falling volumes and open interest amplifying the price decline.

Lumber rose to 602.55 USD/1000 board feet on February 10, 2026, up 0.85% from the previous day. Over the past month, Lumber's price has risen 4.07%, and is up 3.26% 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 February 10 of 2026.

Lumber rose to 602.55 USD/1000 board feet on February 10, 2026, up 0.85% from the previous day. Over the past month, Lumber's price has risen 4.07%, and is up 3.26% 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 576.38 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 527.55 in 12 months time.



Price Day Month Year Date
Soybeans 1,118.40 7.65 0.69% 6.62% 7.18% Feb/10
Wheat 526.24 -2.51 -0.48% 2.93% -8.80% Feb/10
Lumber 603.06 5.56 0.93% 4.16% 3.35% Feb/10
Cheese 1.45 -0.0069 -0.47% 2.77% -23.64% Feb/10
Palm Oil 4,097.00 -65.00 -1.56% 0.15% -10.84% Feb/10
Milk 15.16 -0.06 -0.39% 2.43% -25.02% Feb/10
Cocoa 3,781.35 -320.65 -7.82% -30.53% -62.58% Feb/10
Cotton 61.82 0.244 0.40% -4.76% -8.33% Feb/10
Rubber 190.00 1.90 1.01% 3.49% -2.86% Feb/10
Orange Juice 175.82 6.97 4.13% -10.02% -54.97% Feb/10
Coffee 293.10 -5.96 -1.99% -17.68% -29.38% Feb/10
Oat 304.05 5.0480 1.69% 3.59% -10.31% Feb/10
Wool 1,677.00 0 0% 8.83% 38.02% Feb/10
Rice 11.24 0.0457 0.41% 9.51% -19.60% Feb/10
Canola 664.17 -1.53 -0.23% 6.99% 0.31% Feb/10
Sugar 14.18 -0.13 -0.93% -4.47% -28.65% Feb/10
Corn 429.70 0.9518 0.22% 1.95% -11.22% Feb/10


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. Lumber prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
602.55 597.50 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Drops Near 4-Week Lows
Lumber futures slipped below $590 per thousand board feet, the lowest level in nearly four weeks, as housing demand weakened and earlier restocking momentum faded. Demand softened as financing costs edged higher and housing activity cooled, with US pending home sales plunging 9.3% month on month in December 2025, removing a key source of construction and renovation related wood consumption ahead of the spring building season. At the same time, mills continued running to rebuild inventories after the winter squeeze, increasing physical availability while distributors reported quieter order books. The combination of softer demand and rising availability encouraged position unwinds after January’s rally, with falling volumes and open interest amplifying the price decline.
2026-02-05
Lumber Retreats from 3-Month High
Lumber futures fell toward $590 per thousand board feet, retreating from its three-month high of $614.5 seen January 20th as US housing data weakened and earlier restocking flows faded. Pending home sales plunged 9.3% month on month in December, the sharpest drop since April 2020, signalling softer transaction activity and tempering expectations for near-term construction demand ahead of the spring building season. Physical markets also cooled, with distributors reporting quieter order books even as mills continued running at steady rates to rebuild inventories after earlier tightness, briefly loosening availability. The pullback was reinforced by profit-taking after the January rally, with falling volumes and open interest pointing to position unwinds rather than a fresh wave of bearish selling.
2026-01-23
Lumber Climbs to Nearly 3-Month Highs
Lumber futures climbed above $600 per thousand board feet, the highest level in nearly three months, as a firmer demand outlook compounded with a tightening North American supply environment. Demand expectations are improving after 30-year mortgage rates fell to 6.06% on January 15th, the lowest in more than three years, lifting purchase and refinance activity and encouraging builders to restock ahead of a stronger spring construction season. Supply pressures are intensifying as higher US duties on Canadian softwood have raised landed costs and pushed buyers to bring forward orders to mitigate further tariff risk. These policy effects are reinforcing structurally lower harvests and ongoing mill curtailments and closures across Canada, reducing physical availability. At the same time, US Producer Price Index data and industry surveys show construction input costs remain elevated, indicating tariff related cost pressures are filtering through the supply chain.
2026-01-15