Lumber futures fell toward $580 per thousand board feet, their lowest level in five weeks, as weakening residential construction demand met heavy seasonal inventories and aggressive dealer discounting. US housing starts for December printed at a 1.404 million SAAR, while full-year 2025 activity was essentially flat versus 2024. At the same time, single-family starts are down roughly 7% year on year and single-family units under construction have dropped 8.4%, reducing near-term framing lumber consumption. In Canada, January home sales declined 5.8%, reinforcing softer North American demand conditions. On the supply side, winter storms slowed jobsite activity more than mill production, leaving distributors and secondary sellers with elevated yard inventories that have been cleared at discounted prices, in some cases below replacement cost. The combination of slower construction drawdowns and persistent supply has widened basis levels, accelerated destocking across key hubs.

Lumber rose to 576.63 USD/1000 board feet on February 20, 2026, up 1.52% from the previous day. Over the past month, Lumber's price has fallen 5.78%, and is down 7.15% 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 21 of 2026.

Lumber rose to 576.63 USD/1000 board feet on February 20, 2026, up 1.52% from the previous day. Over the past month, Lumber's price has fallen 5.78%, and is down 7.15% 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 590.99 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 540.63 in 12 months time.



Price Day Month Year Date
Soybeans 1,137.50 -3.50 -0.31% 6.86% 9.43% Feb/20
Wheat 573.00 13.50 2.41% 12.85% -2.89% Feb/20
Lumber 576.50 8.50 1.50% -5.80% -7.17% Feb/20
Cheese 1.59 -0.0320 -1.98% 12.79% -14.36% Feb/20
Palm Oil 4,123.00 112.00 2.79% 0.68% -11.26% Feb/19
Milk 15.02 -0.05 -0.33% 1.90% -25.72% Feb/20
Cocoa 3,178.00 120.00 3.92% -28.55% -65.01% Feb/20
Cotton 65.52 1.377 2.15% 1.89% -0.83% Feb/20
Rubber 192.70 0.20 0.10% 7.12% -6.23% Feb/20
Orange Juice 169.95 -17.40 -9.29% -16.63% -45.09% Feb/20
Coffee 285.35 -0.05 -0.02% -17.88% -27.82% Feb/20
Oat 330.00 0 0% 12.44% -7.24% Feb/20
Wool 1,693.00 0 0% 9.86% 42.99% Feb/20
Rice 10.14 -0.0250 -0.25% -6.02% -25.44% Feb/20
Canola 686.70 2.10 0.31% 6.22% 2.80% Feb/20
Sugar 13.86 0.16 1.17% -5.97% -34.94% Feb/20
Corn 428.00 2.2500 0.53% 1.48% -12.70% Feb/20


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
576.63 568.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Hits 4-week Low
Lumber decreased to 578.50 USD/1000 board feet, the lowest since January 2026. Over the past 4 weeks, Lumber lost 5.78%, and in the last 12 months, it decreased 5.48%.
2026-02-19
Lumber Falls to 5-Week Low
Lumber futures fell toward $580 per thousand board feet, their lowest level in five weeks, as weakening residential construction demand met heavy seasonal inventories and aggressive dealer discounting. US housing starts for December printed at a 1.404 million SAAR, while full-year 2025 activity was essentially flat versus 2024. At the same time, single-family starts are down roughly 7% year on year and single-family units under construction have dropped 8.4%, reducing near-term framing lumber consumption. In Canada, January home sales declined 5.8%, reinforcing softer North American demand conditions. On the supply side, winter storms slowed jobsite activity more than mill production, leaving distributors and secondary sellers with elevated yard inventories that have been cleared at discounted prices, in some cases below replacement cost. The combination of slower construction drawdowns and persistent supply has widened basis levels, accelerated destocking across key hubs.
2026-02-19
Lumber Rebounds as Spring Approaches
Lumber futures held above $595 per thousand board feet, holding the rebound from a near four week low of $585.5 on February 6th as tightening supply met improving seasonal demand. The market’s already thin supply cushion has narrowed further just as pre spring restocking and early signs of firmer construction activity lifted near term orders, leaving limited slack and amplifying even modest buying flows. On the supply side, North American output has been constrained by mill curtailments and closures, fibre shortages in parts of British Columbia, and other production disruptions, alongside slower export flows linked to duties and shifting trade routes, all of which have reduced shipments into key consuming regions. As a result, inventories and operating rates sit below typical seasonal levels, increasing the market’s sensitivity to incremental demand. At the same time, some builders have resumed projects amid mortgage rate volatility and a slight easing in longer dated yields.
2026-02-11