Lumber prices slipped below $620 per thousand board feet after reaching a two-week high of $627 on July 8th, as sawmill capacity remained subdued amid changing trade flows. US sawmill output declined for a second consecutive quarter, while production capacity fell 6% from a year earlier. American logs are pouring into China after lifting its pest-control ban, while US lawmakers push for policies favoring hardwood lumber exports over raw logs, arguing that raw material shipments reduce domestic feedstock and displace workers, which contributed to a 48.3% drop in lumber output since 2018. High borrowing and labor costs are also weighing on the housing market, dampening construction lumber demand. Canada is simultaneously urging the US to lift softwood lumber tariffs, with Premier David Eby calling on Ottawa to treat the dispute as a national priority, arguing that cumulative duties have forced mills, particularly in British Columbia, to scale back or shut down.

Lumber fell to 633.50 USD/1000 board feet on July 14, 2026, down 0.86% from the previous day. Over the past month, Lumber's price has risen 0.40%, but it is still 2.91% 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 July 15 of 2026.

Lumber fell to 633.50 USD/1000 board feet on July 14, 2026, down 0.86% from the previous day. Over the past month, Lumber's price has risen 0.40%, but it is still 2.91% 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 610.61 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 569.73 in 12 months time.



Price Day Month Year Date
Soybeans 1,196.25 3.50 0.29% 5.86% 18.03% Jul/15
Wheat 646.10 1.10 0.17% 8.41% 19.37% Jul/15
Lumber 633.50 -5.50 -0.86% 0.40% -2.91% Jul/14
Cheese 1.65 -0.0051 -0.31% 3.06% -6.74% Jul/15
Palm Oil 4,573.00 40.00 0.88% 2.74% 10.25% Jul/14
Milk 15.76 -0.01 -0.06% -1.44% -9.16% Jul/14
Cocoa 5,806.00 -36.00 -0.62% 46.17% -26.36% Jul/14
Cotton 80.63 -0.240 -0.30% 3.70% 20.41% Jul/15
Rubber 214.50 -0.20 -0.09% -4.88% 29.84% Jul/14
Orange Juice 140.25 3.05 2.22% -9.34% -55.41% Jul/14
Coffee 326.10 -3.90 -1.18% 25.81% 8.12% Jul/14
Oat 349.77 -2.9790 -0.84% 14.87% -6.04% Jul/15
Wool 1,909.00 0 0% -3.54% 57.51% Jul/15
Rice 13.78 0.1150 0.84% 16.34% 8.81% Jul/15
Canola 776.75 3.35 0.43% 3.03% 14.90% Jul/15
Sugar 14.88 0.13 0.88% 4.86% -10.14% Jul/14
Corn 438.77 0.2722 0.06% 6.05% 8.27% Jul/15


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
633.50 639.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Slips From Two-Week High
Lumber prices slipped below $620 per thousand board feet after reaching a two-week high of $627 on July 8th, as sawmill capacity remained subdued amid changing trade flows. US sawmill output declined for a second consecutive quarter, while production capacity fell 6% from a year earlier. American logs are pouring into China after lifting its pest-control ban, while US lawmakers push for policies favoring hardwood lumber exports over raw logs, arguing that raw material shipments reduce domestic feedstock and displace workers, which contributed to a 48.3% drop in lumber output since 2018. High borrowing and labor costs are also weighing on the housing market, dampening construction lumber demand. Canada is simultaneously urging the US to lift softwood lumber tariffs, with Premier David Eby calling on Ottawa to treat the dispute as a national priority, arguing that cumulative duties have forced mills, particularly in British Columbia, to scale back or shut down.
2026-07-14
Lumber Rebounds Above $620
Lumber prices rebounded to above $620 per thousand board feet, as supply tightened faster than demand. US sawmill output declined for a second consecutive quarter, while production capacity fell 6% from a year earlier. Although lumber prices rose 6.1% from the previous quarter as producers attempted to capitalize, they remained 3.8% below year-earlier levels amid subdued buyer activity. At the same time, British Columbia, Canada's largest exporting province, seeks to expand shipments to China as higher US import costs for Canadian softwood lumber reshaped trade flows. Meanwhile, the US maintained antidumping and countervailing duty orders on certain wood products and renewed trade measures on Chinese wood-related imports effective June 24, citing the need to “quarantine forest pests”. On the demand side, Canadian lumber exports to Japan fell 27%, while elevated borrowing costs, higher labor costs, and a weaker housing market continued to curb demand for construction lumber.
2026-07-03
Lumber Eases from Recent Highs
Lumber prices eased to near $615 per thousand board feet, after reaching near an eight-month high on June 22 amid concerns over higher import costs for Canadian softwood lumber and tighter supply conditions. Although preliminary antidumping and countervailing duty rates were recently lowered, the overall tariff burden remains elevated, including the existing Section 232 tariff set to take effect in August. The prospect of higher import costs has tightened supply expectations and prompted buyers to accelerate purchases, supporting prices in recent weeks. At the same time, U.S. domestic lumber production remains constrained, while demand for wood products continues to be underpinned by residential construction. However, declining housing affordability amid higher labor costs and elevated construction loans interest rates could curb new homebuilding activity and temper lumber demand in the months ahead.
2026-06-24