Lumber futures fell to $564 per thousand board feet, the lowest in seven weeks, as broader uncertainty and ongoing trade tensions weigh on sentiment. The US has recently outlined preliminary antidumping and countervailing duties on Canadian softwood lumber, with the antidumping rate reduced from 20.6% to 10.7% and the countervailing duty trimmed from 14.6% to 14.2%, lowering the combined rate to about 25.9%. Including an existing 10% Section 232 tariff, total effective duties on Canadian imports are expected to remain near 35.9% once they take effect in August. Despite these measures aimed at supporting domestic producers, US sawmill utilization remains relatively weak at around 64%, with capacity use trending lower since 2017, pointing to limited supply response. At the same time, elevated construction costs and high interest rates are continuing to pressure housing activity, with US builder confidence slipping to its lowest level since September 2025.

Lumber fell to 569.53 USD/1000 board feet on May 1, 2026, down 0.26% from the previous day. Over the past month, Lumber's price has fallen 4.52%, but it is still 3.74% higher than a year ago, 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 May 1 of 2026.

Lumber fell to 569.53 USD/1000 board feet on May 1, 2026, down 0.26% from the previous day. Over the past month, Lumber's price has fallen 4.52%, but it is still 3.74% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 592.45 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 638.71 in 12 months time.



Price Day Month Year Date
Soybeans 1,184.84 2.84 0.24% 1.83% 12.98% May/01
Wheat 624.82 1.07 0.17% 4.44% 18.67% May/01
Lumber 569.54 -1.46 -0.26% -4.52% 3.74% May/01
Cheese 1.67 -0.0225 -1.33% -4.10% -9.26% May/01
Palm Oil 4,570.00 -8.00 -0.17% -5.34% 16.88% Apr/30
Milk 17.11 -0.09 -0.52% -3.50% -7.46% May/01
Cocoa 3,576.32 7.32 0.21% 10.21% -59.95% May/01
Cotton 83.58 1.381 1.68% 17.85% 22.90% May/01
Rubber 215.40 -0.80 -0.37% 7.38% 27.99% Apr/30
Orange Juice 186.19 -4.06 -2.13% -6.62% -27.01% May/01
Coffee 286.38 0.83 0.29% -3.05% -26.61% May/01
Oat 331.73 2.9808 0.91% -3.99% -8.17% May/01
Wool 1,897.00 2.00 0.11% 6.22% 56.78% May/01
Rice 10.84 0.0490 0.45% -3.44% -14.04% May/01
Canola 760.55 -3.25 -0.43% 4.62% 9.79% May/01
Sugar 15.00 0.39 2.66% -0.01% -13.20% May/01
Corn 470.44 5.6938 1.23% 4.02% 1.99% May/01


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
569.53 571.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Hits 7-week Low
Lumber decreased to 561.00 USD/1000 board feet, the lowest since March 2026. Over the past 4 weeks, Lumber lost 5.45%, and in the last 12 months, it increased 1.52%.
2026-04-28
Lumber Futures Fall to 7-Week Low
Lumber futures fell to $564 per thousand board feet, the lowest in seven weeks, as broader uncertainty and ongoing trade tensions weigh on sentiment. The US has recently outlined preliminary antidumping and countervailing duties on Canadian softwood lumber, with the antidumping rate reduced from 20.6% to 10.7% and the countervailing duty trimmed from 14.6% to 14.2%, lowering the combined rate to about 25.9%. Including an existing 10% Section 232 tariff, total effective duties on Canadian imports are expected to remain near 35.9% once they take effect in August. Despite these measures aimed at supporting domestic producers, US sawmill utilization remains relatively weak at around 64%, with capacity use trending lower since 2017, pointing to limited supply response. At the same time, elevated construction costs and high interest rates are continuing to pressure housing activity, with US builder confidence slipping to its lowest level since September 2025.
2026-04-28
Lumber Hits 4-week Low
Lumber decreased to 575.00 USD/1000 board feet, the lowest since March 2026. Over the past 4 weeks, Lumber lost 2.69%, and in the last 12 months, it increased 0.69%.
2026-04-10