Lumber futures traded around $570 per thousand board feet, near a one-month low as the combination of high interest rates and falling home construction has crushed demand faster than sawmills can reduce supply. This downward pressure is driven by a 14.2% collapse in single-family housing starts and a 5.4% decline in building permits that signaled an abrupt cooling of spring activity. While ongoing sawmill closures have removed 1.3 billion board feet of capacity and US duties on Canadian imports remain at 45% these supply factors are failing to support prices against a sharp loss of buyers. The recent surge in mortgage rates to 6.46% has stifled traffic and left builders managing a 2.4% increase in unsold inventory that necessitates immediate price cuts. Furthermore the April 2nd announcement of C$2.1 billion in Canadian forestry subsidies has introduced expectations of more wood availability that offsets the risks of shipping delays through the Strait of Hormuz.

Lumber traded flat at 583.50 USD/1000 board feet on April 23, 2026. Over the past month, Lumber's price has fallen 0.34%, but it is still 1.21% 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 April 24 of 2026.

Lumber traded flat at 583.50 USD/1000 board feet on April 23, 2026. Over the past month, Lumber's price has fallen 0.34%, but it is still 1.21% 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 596.11 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 642.00 in 12 months time.



Price Day Month Year Date
Soybeans 1,159.36 -0.39 -0.03% -1.06% 10.44% Apr/24
Wheat 608.13 -2.62 -0.43% 1.74% 14.74% Apr/24
Lumber 583.50 0 0% -0.34% 1.21% Apr/23
Cheese 1.67 -0.0130 -0.77% -0.18% -7.51% Apr/23
Palm Oil 4,579.00 -49.00 -1.06% 2.21% 13.45% Apr/23
Milk 16.85 0.01 0.06% 4.53% -3.55% Apr/23
Cocoa 3,453.00 26.00 0.76% 6.74% -62.89% Apr/23
Cotton 79.38 0.740 0.94% 17.39% 18.24% Apr/23
Rubber 205.30 4.10 2.04% 8.45% 23.01% Apr/21
Orange Juice 167.55 -5.70 -3.29% -2.56% -34.11% Apr/23
Coffee 300.90 11.75 4.06% -5.33% -25.79% Apr/23
Oat 321.74 1.2394 0.39% -3.24% -11.79% Apr/24
Wool 1,895.00 70.00 3.84% 8.22% 53.81% Apr/23
Rice 11.01 -0.0850 -0.77% 0.31% -14.89% Apr/24
Canola 738.63 -0.87 -0.12% 1.57% 5.95% Apr/24
Sugar 13.90 0.09 0.65% -12.47% -22.48% Apr/23
Corn 454.77 -0.7285 -0.16% -2.67% -5.01% Apr/24


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
583.50 583.50 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
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
Lumber Falls to 1-Month Low
Lumber futures traded around $570 per thousand board feet, near a one-month low as the combination of high interest rates and falling home construction has crushed demand faster than sawmills can reduce supply. This downward pressure is driven by a 14.2% collapse in single-family housing starts and a 5.4% decline in building permits that signaled an abrupt cooling of spring activity. While ongoing sawmill closures have removed 1.3 billion board feet of capacity and US duties on Canadian imports remain at 45% these supply factors are failing to support prices against a sharp loss of buyers. The recent surge in mortgage rates to 6.46% has stifled traffic and left builders managing a 2.4% increase in unsold inventory that necessitates immediate price cuts. Furthermore the April 2nd announcement of C$2.1 billion in Canadian forestry subsidies has introduced expectations of more wood availability that offsets the risks of shipping delays through the Strait of Hormuz.
2026-04-07
Lumber Retreats on Lackluster Demand
Lumber futures retreated toward $596 per thousand board feet as the cooling of the North American residential construction sector eroded the demand floor that had supported the market since January. The primary downward pressure stems from a slowdown in housing activity where single-family starts plunged 14.2% in March and building permits fell 5.4% signaling a sharp reduction in seasonal requirements. This demand destruction was catalyzed by a 11 basis point surge in mortgage rates to 6.45% following the Federal Reserve decision to hold interest rates steady alongside global inflationary spikes. While geopolitical tensions in the Strait of Hormuz initially pushed energy costs higher, the resulting increase in financing costs and a 10% drop in US housing starts outweighed the potential for supply chain disruptions. Furthermore a 2.4% increase in unsold builder inventory forced price cuts.
2026-03-30