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Most Lumber Prices Flat as Benchmark Items Rise
The North American construction framing dimension softwood lumber market has found even footing at this mid-summer 2022. Prices on almost all lumber and panel items remained flat, with some benchmark commodities rising slightly. A big change coming to how lumber futures are traded on the Chicago Mercantile Exchange has many players excited. The recent increase…
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Steady Demand Pops Lumber Price Up Slightly
The mid-point of the summer is past and usually at this time of year lumber sales soften quite bit, taking prices down as well. This year is not much different, except that most customers do not have excess inventory on hand as they had been holding off any unnecessary buying in the hopes that prices…
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Lumber Prices Firm Up Slightly as Field Inventories Stabilize
The North American forest products manufacturing industry has entered the usual seasonal slower time; although everyone understands that the past two years have not been usual. Since late spring this year, as producers and customers were negotiating to find where softwood lumber price levels would be, the market correction downward did overshoot a little bit.…
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Normal Seasonal Slow-Down Brings Flat Lumber Prices
As the dual Canada Day – US Independence Day long weekend arrived, most softwood lumber and panel prices stayed relatively flat compared to the previous week. This is the time of year when lumber demand starts to drop and prices either fall or remain flat. The large-volume buyers — the big US home builders —…
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Changes Coming to Random Length Lumber Futures Trading
Chicago Mercantile Exchange will launch updated futures trading in August under the ticker LBR CME Group is set to launch a new lumber futures contract on August 8, 2022. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now…
