The physical lumber futures price has been in a bullish trend in 2026, reaching a new 2026 peak in July. WY and the WOOD and CUT ETFs have not yet followed lumber futures.
Lumber prices are highly sensitive to interest rates, as wood is a critical requirement for new home building. Falling mortgage rates increase demand for new homes, while rising mortgage rates have the...
As spring approaches, physical lumber futures for May delivery are trading just below $600 per 1,000 board feet. Since lumber futures typically reach seasonally high prices in spring and early summer,...
We are in the heart of winter in late January, but futures markets are looking forward to spring. Lumber is a seasonal commodity that tends to reach annual highs from March through May, and the price has...
Physical lumber futures prices have been trending lower since late July, with the price falling from nearly $700 to below $530 per 1,000 board feet. Critical technical support was around $560, and lumber...
Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in...
After posting a slight rise in Q1, lumber futures are now over 21% lower since the end of 2023. The path of least resistance of interest rates will likely determine lumber’s path over the coming weeks...
Physical lumber futures have been going nowhere fast, with the nearby contract price in an under $150 range in 2024. As lumber consolidates, the band between annual highs and lows has narrowed over the...
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...