Chicago lumber futures retreated to around $600 per thousand board feet in September, well below a record high of $1711.2 hit in May and approaching pre-COVID levels, as the supply-demand balance corrects and as demand from the real estate and construction sectors falls. Stubbornly high housing prices continue to weigh on buyers' affordability while many customers shift to spending on services from goods following the reopening of the economy. Still, land and labor shortages persist and the recent passage of Hurricane Ida in the South of the US has raised logistical bottlenecks, with key infrastructure damaged and trucks transporting lumber either being diverted or getting delayed. At the same time, sawmills across the US and Canada have slowed output levels in response to sharp drop in prices seen between May and July.

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

Lumber is expected to trade at 811.71 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 1139.19 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Lumber

Price Day Month Year
Soybeans 1,262.50 -21.5000 -1.67% -2.43% 23.56%
Wheat 700.75 -8.0000 -1.13% -2.64% 26.49%
Lumber 593.00 -41.00 -6.47% 18.89% 7.90%
Cheese 1.65 0.0020 0.12% 4.37% -6.15%
Palm Oil 4,167.00 -94.00 -2.21% -3.45% 38.58%
Milk 16.61 0 0% 3.62% 2.15%
Cocoa 2,604.00 -61.00 -2.29% 0.42% -0.95%
Cotton 90.83 -2.43 -2.61% -3.92% 42.30%
Rubber 193.40 1.40 0.73% -10.46% -5.20%
Orange Juice 136.95 -2.65 -1.90% 0% 18.37%
Coffee 183.50 -3.80 -2.03% 1.97% 63.84%
Oat 537.00 -5.7500 -1.06% 7.13% 90.59%
Wool 1,352.00 0 0% 1.27% 44.29%
Rice 13.73 -0.0550 -0.40% 2.50% 12.32%
Canola 861.30 -12.40 -1.42% -1.69% 63.62%
Sugar 18.89 -0.29 -1.51% -3.52% 50.52%
Tea 2.73 0 0% -24.38% -14.95%
Corn 522.50 -4.7500 -0.90% -2.88% 41.22%



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.