Lumber prices plunged to around $500 per thousand board feet, a level not seen since November 2023, pressured by worsening demand prospects from the key property sector. Latest releases revealed that housing starts, a crucial gauge of future demand, in the two of world's largest consumers, the US and Canada, fell sharply below forecasts in March. The poor need for building materials coincided with rising output since Canadian lumber production surged by 16.4% year-over-year in January 2024, while sales growth lagged at 11.2%. Furthermore, strong US economic data and hawkish pronouncements from Fed officials have dampened bets of regulator's interest rate cuts. A prolonged period of tighter monetary policy translates to higher mortgage rates, ultimately weakening the construction activity outlook.

Lumber decreased 58.85 USD/1000 board feet or 10.28% since the beginning of 2024, 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 April 26 of 2024.

Lumber decreased 58.85 USD/1000 board feet or 10.28% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber is expected to trade at 543.32 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 580.15 in 12 months time.



Price Day Month Year Date
Soybeans 1,158.81 -1.24 -0.11% -2.82% -18.78% Apr/26
Wheat 602.40 -18.10 -2.92% 10.03% -2.01% Apr/26
Lumber 513.65 13.62 2.72% -14.24% 10.22% Apr/25
Cheese 1.84 0.0062 0.34% 18.52% 5.34% Apr/26
Palm Oil 3,913.00 39.00 1.01% -7.01% 13.26% Apr/26
Milk 15.53 -0.04 -0.26% -5.36% -16.60% Apr/25
Cocoa 10,876.91 47.35 0.44% 10.50% 243.01% Apr/26
Cotton 79.20 -1.88 -2.32% -12.75% 0.72% Apr/26
Rubber 158.50 -1.90 -1.18% -2.52% 16.20% Apr/25
Orange Juice 379.68 9.99 2.70% 1.76% 37.42% Apr/25
Coffee 227.58 -4.18 -1.80% 19.37% 18.47% Apr/26
Oat 364.76 2.7797 0.77% 2.75% 19.11% Apr/26
Wool 1,172.00 14.00 1.21% 2.63% -9.98% Apr/26
Rice 19.00 -0.1725 -0.90% 14.58% 12.71% Apr/26
Canola 618.27 -4.42 -0.71% -1.42% -15.82% Apr/26
Sugar 19.75 0.34 1.77% -10.98% -26.81% Apr/26
Corn 440.32 -11.6829 -2.58% 3.18% -29.77% Apr/26


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
513.65 500.03 1711.20 -1.00 1978 - 2024 USD/1000 board feet Daily