After declining from August through October 2023, physical lumber futures found a bottom and turned higher. Lumber is a thinly traded futures market but a critical economic indicator. The recent rise in...
Lumber remains a highly illiquid commodity, but wood is a bellwether raw material and a barometer for new home construction. Soaring mortgage rates have weighed on lumber futures prices since the March...
The new physical lumber futures contract is smaller and more flexible than the random-length contract it replaced. The open interest metric has risen as the random-length contract expired and faded into...
Nearby lumber futures moved back above $600 per 1,000 board feet in September. The $600 level could be a pivot point for wood’s price over the coming weeks as the market appears to have found a bottom....