Lumber prices stabilized around the $550 per thousand feet benchmark amid prospects of increased supply and subdued demand. The latest data from top producer Canada showed that lumber production edged down by 0.1% month-over-month in November but rose by 2.4% on an annual basis, indicating a resilient upward trend in the sector over the longer term. Additionally, Canadian sawmills shipped 4,271.3 thousand cubic meters of lumber in November, representing a 1.3% decrease from October but a 7.9% increase from November 2022. On the monetary policy front, the Federal Reserve is expected to maintain interest rates at current levels at least until June, as policymakers weigh signs of weakening consumer spending against still-high inflation and a strong labor market.

Lumber decreased 16 USD/1000 board feet or 2.79% since the beginning of 2024, 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 21 of 2024.

Lumber decreased 16 USD/1000 board feet or 2.79% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 570.56 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 626.75 in 12 months time.

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Lumber


Price Day Month Year Date
Soybeans 1,172.50 -6.50 -0.55% -4.23% -23.60% Feb/21
Wheat 579.05 -3.70 -0.63% -2.92% -22.79% Feb/21
Lumber 556.50 -7.50 -1.33% 0.91% 13.57% Feb/20
Cheese 1.67 0.0130 0.79% 4.25% -9.15% Feb/20
Palm Oil 3,868.00 8.00 0.21% -0.92% -6.71% Feb/21
Milk 16.18 0.01 0.06% 6.38% -9.66% Feb/20
Cocoa 6,042.00 43.00 0.72% 32.35% 120.67% Feb/21
Cotton 91.73 0.54 0.59% 8.13% 11.53% Feb/21
Rubber 155.80 0.50 0.32% 2.70% 11.60% Feb/21
Orange Juice 372.80 1.40 0.38% 20.90% 57.90% Feb/20
Coffee 198.60 7.00 3.65% 3.30% -0.45% Feb/21
Oat 367.24 -12.7610 -3.36% -2.98% 6.37% Feb/21
Wool 1,157.00 0 0% -3.26% -15.11% Feb/20
Rice 18.18 -0.1250 -0.68% 3.53% 5.55% Feb/21
Canola 584.10 -0.70 -0.12% -8.20% -30.39% Feb/21
Sugar 22.70 -0.05 -0.22% -3.40% 6.62% Feb/21
Tea 2.13 0 0% -14.46% -23.10% Feb/20
Corn 417.48 -1.2696 -0.30% -6.34% -38.08% Feb/21


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
556.50 564.00 1711.20 111.70 1978 - 2024 USD/1000 board feet Daily