Actual
573.00
Daily Change
5.00 0.88%
Monthly
-11.30%
Yearly
-4.18%
Q3 Forecast
561.87
Lumber - Summary

Lumber prices fell below $570 per thousand board feet as tariff uncertainty continued to weigh on demand. Canada’s minister responsible for US trade relations said the country remains committed to negotiations, although reports indicated Canadian officials were dissatisfied with the latest US offer and continued to push for zero tariffs on softwood lumber. Earlier, the US imposed tariffs on several Canadian lumber-related products, while Canadian softwood lumber was excluded. Still, US demand for Canadian lumber fell 1.7% in the first half of the year, while its share of the US market declined slightly. Shipments to markets outside the US also fell 3%. Meanwhile, mortgage rates rose to their highest level in a year, according to Freddie Mac, while mortgage applications declined in the final weeks of July. Construction spending on lumber-intensive single-family housing fell 3.3% year-on-year in June, adding to demand concerns.

Lumber - Stats

Lumber rose to 573 USD/1000 board feet on August 17, 2026, up 0.88% from the previous day. Over the past month, Lumber's price has fallen 11.30%, and is down 4.18% compared to the same time last year, 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 August 18 of 2026.

Lumber - Forecast

Lumber rose to 573 USD/1000 board feet on August 17, 2026, up 0.88% from the previous day. Over the past month, Lumber's price has fallen 11.30%, and is down 4.18% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 561.87 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 521.54 in 12 months time.



Price Day Month Year Date
Soybeans 1,204.07 3.07 0.26% -1.79% 18.86% Aug/18
Wheat 674.37 -0.38 -0.06% 0.06% 35.28% Aug/18
Lumber 573.00 5.00 0.88% -11.30% -4.18% Aug/17
Cheese 1.67 -0.0200 -1.19% -1.30% -5.88% Aug/17
Palm Oil 4,717.00 7.00 0.15% 1.59% 3.44% Aug/17
Milk 16.50 -0.04 -0.24% 4.90% -5.28% Aug/17
Cocoa 6,078.00 305.00 5.28% 10.11% -24.47% Aug/17
Cotton 85.52 0.720 0.85% 8.36% 28.98% Aug/17
Rubber 219.80 -1.50 -0.68% 2.28% 28.31% Aug/17
Orange Juice 148.45 3.40 2.34% 0.71% -38.25% Aug/17
Coffee 317.65 3.35 1.07% -2.13% -7.55% Aug/17
Oat 331.02 -1.2258 -0.37% -3.21% 0.01% Aug/18
Wool 1,873.00 0 0% -1.47% 51.17% Aug/17
Rice 14.18 0.1950 1.39% 1.25% 13.31% Aug/18
Canola 828.52 2.02 0.24% 2.26% 28.25% Aug/18
Sugar 16.90 0.30 1.81% 14.04% 4.00% Aug/17
Corn 464.09 -0.9129 -0.20% 3.25% 22.29% Aug/18


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
573.00 568.00 1711.20 -1.00 1978 - 2026 USD/1000 board feet Daily

News Stream
Lumber Extends Decline Amid Tariff Uncertainty
Lumber prices fell below $570 per thousand board feet as tariff uncertainty continued to weigh on demand. Canada’s minister responsible for US trade relations said the country remains committed to negotiations, although reports indicated Canadian officials were dissatisfied with the latest US offer and continued to push for zero tariffs on softwood lumber. Earlier, the US imposed tariffs on several Canadian lumber-related products, while Canadian softwood lumber was excluded. Still, US demand for Canadian lumber fell 1.7% in the first half of the year, while its share of the US market declined slightly. Shipments to markets outside the US also fell 3%. Meanwhile, mortgage rates rose to their highest level in a year, according to Freddie Mac, while mortgage applications declined in the final weeks of July. Construction spending on lumber-intensive single-family housing fell 3.3% year-on-year in June, adding to demand concerns.
2026-08-13
Lumber Hovers Near 3-Month Low
Lumber prices hovered around $580 per thousand board feet, remaining near a three-month low as reports of an interim trade deal between Canada and the US eased concerns over reduced supply. Canada’s minister responsible for US trade relations said the country remains committed to negotiations. Earlier, the US imposed tariffs on several Canadian lumber-related goods, although Canadian softwood lumber was excluded. Still, US demand for the Canadian lumber declined 1.7% in the first half of the year, with the American share of trade slipping slightly. Shipments to markets outside the US fell 3%. Meanwhile, weakened homebuying activity continued to pressure demand. Mortgage rates rose to their highest level in a year, according to Freddie Mac, while mortgage applications declined in the final weeks of July. Construction spending on lumber-intensive single-family housing also fell 3.3% year-on-year in June.
2026-08-12
Lumber Nears 3-Month Low
Lumber prices fell below $580 per thousand board feet, heading toward a three-month low as weaker US housing demand and persistent trade uncertainty weighed on the market. While Canadian softwood lumber was exempt from US's new 50% tariffs, it remains subject to existing duties of nearly 35%, pressuring producers' margins. The Forest Products Association of Canada said the trade measures dealt a further blow to the industry already operating below capacity amid production curtailments and closures, while Ottawa has extended support measures. The US Lumber Coalition argued that Canada's excess production capacity continues to distort the market. Meanwhile, mortgage rates climbed to their highest level in a year, according to Freddie Mac, while mortgage applications declined in the final weeks of July, reflecting deteriorating homebuying activity. Demand was further pressured by weaker construction spending on lumber-intensive single-family housing, falling 3.3% from last year in June.
2026-08-06