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 analysts expectations.

Looking forward, we estimate it to trade at 425.88 in 12 months time.

About Lumber Price Fluctuations

TWF Lumber Forecast Per November 2023 futures

In financial markets, lumber futures contracts are traded on exchanges such as the Chicago Mercantile Exchange (CME). These futures contracts specify the terms and conditions for the trading of lumber as a commodity. In the case of lumber futures, the contract typically requires that the lumber be manufactured in certain U.S. states and Canadian provinces.

This requirement ensures that the lumber being traded meets specific quality standards and originates from the specified regions known for their lumber production. It also helps to maintain the consistency and reliability of the lumber supply for buyers and sellers in the futures market.

The largest producers of lumber are primarily located in the Baltic Sea region, including countries like Sweden, Finland, and Russia, as well as North America, particularly the United States and Canada. These regions have vast forest resources and well-developed forestry industries.

By trading lumber futures contracts, market participants, such as lumber producers, construction companies, or speculators, can manage their price risk, hedge against price fluctuations, or speculate on the future movement of lumber prices.