Actual
578.50
Daily Change
0 0%
Monthly
0.52%
Yearly
-1.36%
Q3 Forecast
576.19
Lumber - Summary

Lumber futures traded around $575 per thousand board feet, near its highest level in two weeks, as retaliatory tariffs from Canada on US goods took effect, weighing down demand. However, Prime Minister Carney stated he would "do whatever it takes" to support affected sectors. Ottawa had announced counter-tariffs of 25% on US lumber and 50% on Plywood following US tariffs on several lumber-related goods. US forestry groups have long accused Canada of distorting the market, as 94% of Canadian forestland is publicly owned compared to 58% privately owned in the US, allowing Canadian lumber to be sold at a lower price. Meanwhile, US housing remains subdued, as fall is usually a time for renovations, however, elevated prices weighs on the sector. Lumber-intensive single-family construction spending fell 3.2% in July, while elevated mortgage rates continue to weigh on homeownership.

Lumber - Stats

Lumber traded flat at 578.50 USD/1000 board feet on September 11, 2026. Over the past month, Lumber's price has risen 0.52%, but it is still 1.36% 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 September 13 of 2026.

Lumber - Forecast

Lumber traded flat at 578.50 USD/1000 board feet on September 11, 2026. Over the past month, Lumber's price has risen 0.52%, but it is still 1.36% 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 576.19 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 533.61 in 12 months time.



Price Day Month Year Date
Soybeans 1,280.25 -35.75 -2.72% 9.87% 22.37% Sep/11
Wheat 707.00 -16.25 -2.25% 8.31% 35.05% Sep/11
Lumber 578.50 0 0% 0.52% -1.36% Sep/11
Cheese 1.56 -0.0020 -0.13% -7.27% -13.75% Sep/11
Palm Oil 4,814.00 -71.00 -1.45% 2.49% 8.30% Sep/11
Milk 16.15 -0.05 -0.31% -3.00% -8.19% Sep/11
Cocoa 5,961.00 -1.00 -0.02% 4.12% -19.66% Sep/11
Cotton 86.06 -2.160 -2.45% 1.99% 32.47% Sep/11
Rubber 249.90 0.90 0.36% 14.01% 43.37% Sep/10
Orange Juice 145.25 1.50 1.04% 5.06% -41.04% Sep/11
Coffee 285.70 -2.45 -0.85% -10.70% -30.43% Sep/11
Oat 356.00 1.7500 0.49% 10.13% 11.34% Sep/11
Wool 1,878.00 -12.00 -0.63% 0.27% 45.47% Sep/11
Rice 15.60 -0.0300 -0.19% 12.11% 35.65% Sep/11
Canola 817.20 -22.10 -2.63% 2.87% 27.75% Sep/11
Sugar 18.15 -0.58 -3.10% 10.54% 14.95% Sep/11
Corn 510.25 -3.7500 -0.73% 11.65% 18.66% Sep/11


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
578.50 578.50 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Near Two-Week High
Lumber futures traded around $575 per thousand board feet, near its highest level in two weeks, as retaliatory tariffs from Canada on US goods took effect, weighing down demand. However, Prime Minister Carney stated he would "do whatever it takes" to support affected sectors. Ottawa had announced counter-tariffs of 25% on US lumber and 50% on Plywood following US tariffs on several lumber-related goods. US forestry groups have long accused Canada of distorting the market, as 94% of Canadian forestland is publicly owned compared to 58% privately owned in the US, allowing Canadian lumber to be sold at a lower price. Meanwhile, US housing remains subdued, as fall is usually a time for renovations, however, elevated prices weighs on the sector. Lumber-intensive single-family construction spending fell 3.2% in July, while elevated mortgage rates continue to weigh on homeownership.
2026-09-08
Lumber Hits 17-week Low
Lumber decreased to 560.00 USD/1000 board feet, the lowest since April 2026. Over the past 4 weeks, Lumber lost 12.07%, and in the last 12 months, it decreased 0.18%.
2026-08-27
Lumber Futures Slide as Trade Tensions Escalate
Lumber futures fell below $570 per thousand board feet, nearing a five-month low as the escalating Canada-US trade war weighed on demand. Canada announced counter-tariffs on several US goods, including lumber, stating that the measures were intended to protect Canadian industries. Prime Minister Carney said he remained open to negotiations but would not accept a subordinate position to the US. The dispute is weighing on the forest sector of both countries, with lumber prices rising sharply following the tariff announcement. More than 20 sawmills across British Colombia have closed since 2023, while seasonal renovation activity in the US is also facing pressure from elevated prices. Meanwhile, persistently high inflation has reduced homeownership affordability and kept mortgage rates elevated, while construction spending remains subdued. US housing starts fell 12.4% in July, driven by a sharp decline in lumber-intensive single-family construction, further weakening demand.
2026-08-27