Lumber futures reflect the price of random-length softwood framing lumber, a key input for residential construction and renovation. Prices are primarily driven by U.S. and Canadian housing starts, repair-and-remodel activity, sawmill capacity, and timber supply from Canadian provinces. Tariffs on Canadian softwood lumber imports are a recurring factor in North American pricing dynamics. The contract is quoted in U.S. dollars per thousand board feet on the CME Group exchange.
시장 배경
Lumber is trading at $573.50 per thousand board feet, up a modest 0.5% on the week. The past month has seen a sharp decline of approximately 12.4%, though on a year-to-date basis lumber remains up about 7.6%. Year-over-year, prices are down roughly 3.9%, with the recent monthly drop standing out as the most significant near-term move.