In the ongoing softwood lumber trade conflict, the United States has moved forward with its plans to significantly raise the tariff on Canadian softwood lumber imports, now imposing a 14.54 percent duty as additional tariffs, including new tariffs and subsidy tariffs, bringing the total tariffs to this level. The duties, or tariffs, on softwood lumber…
The Working Forest Monthly Lumber Forecast considers how the lumber price has, is, and will be affected by factors and provides an educated basis for future predictions.
Interfor cuts lumber production drastically. This is in addition to the closure of the sawmill in Philomath, Oregon. They site lack of market demand as the primary reason.
lumber prices are anticipated to reach 599.50 USD per 1000 board feet by this quarter’s end and are expected to rise to 640.14 USD in a year’s time.
The Working Forest summarizes lumber prices in a comprehensive overview that includes a solid lumber forecast.
Lumber increased 12.50 USD/1000 board feet or 2.52% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Our lumber forecast expects lumber to trade at 486.08 USD/1000 board feet by the end of this quarter, according to our global macro models and…
Current Lumber Price: $508.50 per thousand board feet, reflecting a 1.60% increase. -The Working Forest Lumber Forecast Per September 2023
The lumber forecast and futures extended losses below $500 per thousand feet, the lowest in over two months driven by concerns about weakening demand, despite a decrease in supply. Housing, Supply Chain, Fires Are Factors Housing starts tumbled 8% month-over-month in June reaching a seasonally adjusted annualized rate of 1.434 million, following a downwardly revised…