Actual
574.00
Daily Change
10.50 1.86%
Monthly
-2.13%
Yearly
6.10%
Q3 Forecast
572.37
Lumber - Summary

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.

Lumber - Stats

Lumber rose to 574 USD/1000 board feet on September 3, 2026, up 1.86% from the previous day. Over the past month, Lumber's price has fallen 2.13%, but it is still 6.10% higher 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 3 of 2026.

Lumber - Forecast

Lumber rose to 574 USD/1000 board feet on September 3, 2026, up 1.86% from the previous day. Over the past month, Lumber's price has fallen 2.13%, but it is still 6.10% higher 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 572.37 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 615.90 in 12 months time.



Price Day Month Year Date
Soybeans 1,300.25 -1.50 -0.12% 12.58% 28.48% Sep/03
Wheat 728.50 -26.25 -3.48% 14.10% 45.05% Sep/03
Lumber 574.00 10.50 1.86% -2.13% 6.10% Sep/03
Cheese 1.60 0.0095 0.60% -4.10% -12.01% Sep/03
Palm Oil 4,904.00 256.00 5.51% 4.43% 10.23% Sep/03
Milk 16.31 -0.02 -0.12% 4.35% -8.22% Sep/03
Cocoa 6,140.00 -133.00 -2.12% 3.65% -14.78% Sep/03
Cotton 86.45 -2.480 -2.79% 4.84% 33.79% Sep/03
Rubber 232.80 -2.30 -0.98% 10.33% 33.10% Sep/03
Orange Juice 155.05 5.65 3.78% -2.91% -30.58% Sep/03
Coffee 294.90 -3.20 -1.07% -4.50% -23.55% Sep/03
Oat 339.39 -8.1096 -2.33% 8.60% 14.18% Sep/03
Wool 1,890.00 37.00 2.00% 0.91% 46.40% Sep/03
Rice 15.26 0.0250 0.16% 9.27% 31.38% Sep/03
Canola 829.80 4.00 0.48% 9.08% 33.80% Sep/03
Sugar 17.99 -0.71 -3.80% 19.61% 14.66% Sep/03
Corn 515.25 -3.5000 -0.67% 16.51% 28.89% Sep/03


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
574.00 563.50 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
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
Lumber Futures Decline as Trade Deal Hopes Fade
Lumber futures fell below $580 per thousand board feet, retreating from a two-week high as hopes for a Canada-US trade deal faded. Negotiations had broken down just before the planned tariff deadline on Saturday, with the two sides discussing a deal that would have removed a 10% tariff on lumber. The US had earlier imposed 50% tariffs on several Canadian lumber-related products, while softwood lumber was excluded, although existing duties of around 35% continued to weigh on demand. US demand for Canadian lumber fell 1.7% in the first half of the year, while its market share declined slightly. The Canadian government sees little prospect of negotiations resuming, although its counter-tariffs are not due to take effect until September 8th, potentially leaving room for further negotiations. Meanwhile, weakness in the US housing market added pressure, with mortgage rates near one-year highs and housing starts falling 12.4% in July, driven by a sharp decline in single-family construction.
2026-08-24