Lumber Slips from One-Year High

2026-07-28 08:46 By Larissa Caser 1 min. read

Lumber prices fell below $650 per thousand board feet after reaching a near one-year high, as new U.S.

tariffs on most Canadian wood-related products weighed on the market.

Although Canadian softwood lumber was exempt from Washington's new 50% tariffs, 98 other wood-product categories remained subject to the duties, deflating hopes of a lumber carve-out.

Meanwhile, the Canadian government announced additional financial support for lumber producers in Western Canada to help offset tariffs and trade uncertainty.

The Forest Products Association of Canada described the measures as a direct blow to the country's forestry sector, where mills are already operating below capacity, as Canadian duties of nearly 35% on lumber forced production cuts and mill closures.

Still, wildfires across Western Canada continued to threaten lumber availability, while President Donald Trump warned that wildfire-related costs could be incorporated into existing duties.



News Stream
Lumber Slips from One-Year High
Lumber prices fell below $650 per thousand board feet after reaching a near one-year high, as new U.S. tariffs on most Canadian wood-related products weighed on the market. Although Canadian softwood lumber was exempt from Washington's new 50% tariffs, 98 other wood-product categories remained subject to the duties, deflating hopes of a lumber carve-out. Meanwhile, the Canadian government announced additional financial support for lumber producers in Western Canada to help offset tariffs and trade uncertainty. The Forest Products Association of Canada described the measures as a direct blow to the country's forestry sector, where mills are already operating below capacity, as Canadian duties of nearly 35% on lumber forced production cuts and mill closures. Still, wildfires across Western Canada continued to threaten lumber availability, while President Donald Trump warned that wildfire-related costs could be incorporated into existing duties.
2026-07-28
Lumber Climbs on Supply Constraints
Lumber prices rose above $640 per thousand board feet, reaching a one-year high, as wildfires across Western Canada tightened the supply outlook. More than 900 wildfires burned over the weekend, including in British Columbia, Canada's largest lumber-exporting province, where evacuation alerts threatened forestry operations. Adding to supply concerns, President Donald Trump threatened to incorporate wildfire-related costs into existing tariffs of nearly 35% on Canadian lumber. Sawmill capacity also remained constrained as Canadian duties forced production cuts and mill closures, while rising US log exports to China continued to weaken domestic lumber supply chains. Meanwhile, US housing starts jumped 19%, though the increase was driven mainly by multifamily construction rather than the more lumber-intensive single-family homes, limiting demand support.
2026-07-21
Lumber Hits 49-week High
Lumber increased to 642.50 USD/1000 board feet, the highest since August 2025. Over the past 4 weeks, Lumber gained 0.64%, and in the last 12 months, it decreased 4.18%.
2026-07-20