Actual
523.04
Daily Change
1.54 0.30%
Monthly
-0.09%
Yearly
-4.03%
Q4 Forecast
515.28
Lumber - Summary

Lumber futures hovered near $520 per thousand board feet, close to their lowest level in over two years, as traders weighed weakness in the US housing market against expectations of tighter supply. Housing demand remains constrained by elevated mortgage rates and higher construction costs linked to tariffs, although mortgage rates have eased for a second consecutive week. Meanwhile, Canada-US trade talks have resumed after collapsing in August, when tariffs on several wood products were introduced. Later in October, the US Commerce Department lowered antidumping and countervailing duties on Canadian softwood to 24.75% from 35.16%, although a separate 10% tariff keeps total duties at 34.75%. Persistent trade barriers continue to weigh on the market, while mill closures across North America could tighten supply. Low selling prices and subdued demand may also prompt mills to scale back production as profitability comes under pressure.

Lumber - Stats

Lumber rose to 524.50 USD/1000 board feet on November 2, 2026, up 0.58% from the previous day. Over the past month, Lumber's price has risen 0.19%, but it is still 3.76% lower 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 November 2 of 2026.

Lumber - Forecast

Lumber rose to 524.50 USD/1000 board feet on November 2, 2026, up 0.58% from the previous day. Over the past month, Lumber's price has risen 0.19%, but it is still 3.76% lower 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 515.28 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 485.73 in 12 months time.



Price Day Month Year Date
Soybeans 1,204.40 -17.85 -1.46% -5.96% 7.56% Nov/02
Wheat 605.53 2.03 0.34% -12.53% 11.41% Nov/02
Lumber 523.04 1.54 0.30% -0.09% -4.03% Nov/02
Cheese 1.60 0.0261 1.66% 9.97% -7.62% Nov/02
Palm Oil 4,649.00 -32.00 -0.68% 1.55% 12.98% Nov/02
Milk 15.18 -0.01 -0.07% 0.86% -10.28% Nov/02
Cocoa 5,401.19 -51.81 -0.95% -7.94% -17.65% Nov/02
Cotton 77.32 -0.507 -0.65% -4.37% 17.73% Nov/02
Rubber 249.20 -0.80 -0.32% -3.34% 46.16% Nov/02
Orange Juice 138.01 5.66 4.28% -4.39% -20.93% Nov/02
Coffee 294.30 7.10 2.47% 0.60% -27.63% Nov/02
Oat 339.30 -4.4529 -1.30% -18.54% 14.53% Nov/02
Wool 1,723.00 0 0% -5.28% 21.94% Nov/02
Rice 17.49 0.0559 0.32% 7.74% 70.89% Nov/02
Canola 787.12 -0.88 -0.11% -3.94% 24.17% Nov/02
Sugar 19.00 -0.36 -1.86% -8.35% 29.69% Nov/02
Corn 446.87 -0.8845 -0.20% -10.13% 2.91% Nov/02


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
524.50 521.50 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Remains Near 2-Year Low
Lumber futures hovered near $520 per thousand board feet, close to their lowest level in over two years, as traders weighed weakness in the US housing market against expectations of tighter supply. Housing demand remains constrained by elevated mortgage rates and higher construction costs linked to tariffs, although mortgage rates have eased for a second consecutive week. Meanwhile, Canada-US trade talks have resumed after collapsing in August, when tariffs on several wood products were introduced. Later in October, the US Commerce Department lowered antidumping and countervailing duties on Canadian softwood to 24.75% from 35.16%, although a separate 10% tariff keeps total duties at 34.75%. Persistent trade barriers continue to weigh on the market, while mill closures across North America could tighten supply. Low selling prices and subdued demand may also prompt mills to scale back production as profitability comes under pressure.
2026-11-02
Lumber Hits Lowest Level in Over 2 Years
Lumber futures fell below $515 per thousand board feet to reach its lowest level since September 2024, amid persistent weakness in the U.S. housing market and elevated input costs. The White House removed 50% tariffs on Canadian plywood, effective October 30th, though softwood lumber tariffs remained in place and elevated, potentially making plywood a relatively cheaper substitute in certain construction applications. While the Commerce Department lowered antidumping and countervailing duties on Canadian softwood to 24.75% from 35.16%, a separate 10% US tariff brings total duties to 34.75%. The US Lumber Coalition backed the decision, as forestry groups have long accused Canada of dumping lumber in the US. President Trump also signed an order aimed at reducing homeownership costs. The measures come as the U.S. housing sector remains under pressure from high mortgage rates and construction costs, with homebuilder confidence falling to its lowest level in 14 years.
2026-10-27
Lumber Hits 25-month Low
Lumber decreased to 514.00 USD/1000 board feet, the lowest since September 2024. Over the past 4 weeks, Lumber lost 2.91%, and in the last 12 months, it decreased 10.33%.
2026-10-26