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.

Lumber fell to 635 USD/1000 board feet on July 29, 2026, down 0.47% from the previous day. Over the past month, Lumber's price has risen 2.92%, but it is still 8.17% 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 29 of 2026.

Lumber fell to 635 USD/1000 board feet on July 29, 2026, down 0.47% from the previous day. Over the past month, Lumber's price has risen 2.92%, but it is still 8.17% 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 644.29 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 601.24 in 12 months time.



Price Day Month Year Date
Soybeans 1,177.00 -35.00 -2.89% 5.40% 21.62% Jul/29
Wheat 660.00 -2.50 -0.38% 13.65% 26.01% Jul/29
Lumber 635.00 -3.00 -0.47% 2.92% -8.17% Jul/29
Cheese 1.61 -0.0121 -0.75% 1.44% -7.75% Jul/29
Palm Oil 4,664.00 22.00 0.47% 2.60% 9.05% Jul/29
Milk 15.65 -0.14 -0.89% -2.13% -8.32% Jul/29
Cocoa 5,169.00 -32.00 -0.62% 1.79% -36.90% Jul/29
Cotton 79.67 -0.860 -1.07% 3.74% 20.92% Jul/29
Rubber 217.10 -0.90 -0.41% 2.45% 26.29% Jul/29
Orange Juice 137.95 1.10 0.80% -16.52% -51.62% Jul/29
Coffee 326.60 -12.80 -3.77% 10.17% 11.32% Jul/29
Oat 311.50 -2.2500 -0.72% 17.88% -12.75% Jul/29
Wool 1,873.00 0 0% -3.60% 51.17% Jul/29
Rice 13.54 -0.1200 -0.88% 5.62% 9.59% Jul/29
Canola 770.90 -12.00 -1.53% 4.84% 10.67% Jul/29
Sugar 14.50 -0.05 -0.34% -2.16% -11.85% Jul/29
Corn 448.50 -10.0000 -2.18% 8.66% 14.49% Jul/29


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
635.00 638.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

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