Chicago lumber futures traded below $680 per thousand board feet, less than half of a record high of $1,711.2 hit in May but still well above pre-pandemic levels of around $400 on supply constraints and an uptick in demand. A tight labor market and wildfires in western Canada led to transportation problems and expensive logs while the drop in prices brought DIYers back into force.

Historically, Lumber reached an all time high of 1711.20 in May of 2021. Lumber - data, forecasts, historical chart - was last updated on October of 2021.

Lumber is expected to trade at 908.79 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 1139.19 in 12 months time.

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Lumber


Price Day Month Year
Soybeans 1,236.75 -0.5000 -0.04% -3.94% 14.30%
Wheat 759.25 -0.2500 -0.03% 5.12% 23.30%
Lumber 660.00 -7.60 -1.14% 2.80% 31.21%
Cheese 1.77 0 0% 7.86% -22.80%
Palm Oil 4,969.00 45.00 0.91% 13.09% 62.07%
Milk 17.86 -0.01 -0.06% 7.98% -17.43%
Cocoa 2,616.00 33.00 1.28% 2.75% 4.77%
Cotton 108.85 0.31 0.29% 10.05% 51.12%
Rubber 215.90 2.20 1.03% 12.62% -24.25%
Orange Juice 124.55 -1.45 -1.15% -9.88% 6.36%
Coffee 202.55 2.70 1.35% 4.60% 89.92%
Oat 687.75 -4.5000 -0.65% 17.16% 123.30%
Wool 1,369.00 0 0% 0.07% 12.31%
Rice 13.41 0.0100 0.07% -4.18% 7.45%
Canola 948.80 19.10 2.05% 7.38% 74.67%
Sugar 19.39 0.31 1.62% 3.52% 31.28%
Tea 3.09 0 0% 1.31% 15.30%
Corn 537.00 -1.0000 -0.19% -0.46% 29.09%


Lumber
Lumber is wood that has been processed into beams and plank. The biggest producers of lumber are concentrated in the Baltic Sea region and North America. The futures contract traded on Chicago Mercantile Exchange specifies that the lumber must be manufactured in certain U.S. states and Canadian provinces.