Chicago lumber futures were trading around $600 per thousand board feet down roughly 50% from their March peak of $1470 as rising interest rates and sky-high inflation are hurting construction demand. Housing starts in the United States sank 14.4% over the previous month in May 2022, the most since April 2020 while the average rate on 30-year fixed-rate mortgages hit 5.98% in June, the highest rate since November 2008. .

Historically, Lumber reached an all time high of 1711.20 in May of 2021. Lumber - data, forecasts, historical chart - was last updated on June of 2022.

Lumber is expected to trade at 545.36 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 450.82 in 12 months time.

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Lumber



Price Day Month Year
Soybeans 1,610.75 17.50 1.10% -4.18% 21.13%
Wheat 923.75 -13.50 -1.44% -19.55% 45.02%
Lumber 608.60 -8.40 -1.36% -6.63% -21.90%
Cheese 2.35 0.0010 0.04% -2.74% 42.61%
Palm Oil 4,664.00 -80.00 -1.69% -26.93% 32.50%
Milk 24.33 0.04 0.16% -3.11% 41.62%
Cocoa 2,397.00 18.00 0.76% -0.42% 1.96%
Cotton 103.76 -32.56 -23.89% -28.52% 20.05%
Rubber 270.00 0 0% 7.70% 12.64%
Orange Juice 164.15 -2.05 -1.23% -5.88% 37.83%
Coffee 226.60 -5.85 -2.52% 4.40% 44.10%
Oat 597.00 -1.2500 -0.21% -12.30% 58.15%
Wool 1,474.00 0 0% 3.80% 0.41%
Rice 16.06 -0.0600 -0.37% -5.97% 22.09%
Canola 882.50 2.30 0.26% -23.50% 10.46%
Sugar 18.37 -0.01 -0.05% -6.66% 8.70%
Tea 2.77 0 0% 3.75% 4.14%
Corn 750.25 3.5000 0.47% -2.85% 17.87%


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.
Actual Previous Highest Lowest Dates Unit Frequency
608.60 617.00 1711.20 111.70 1978 - 2022 USD/1000 board feet Daily