Lumber futures eased to around $860 per 1,000 feet at the start of February but remained historically high for what is typically a winter lull. Builder-friendly winter weather and Covid-19 lockdowns continued to stimulate demand for home renovations. Also, housing starts in the US rose at the fastest rate since 2006 in December amid record-low borrowing rates and an exodus from major cities. On the supply front, mills were not able to ramp up fast enough to keep available supplies from drawing down. Meantime, higher homebuilding costs forced many buyers to purchase only their immediate needs. Looking ahead, supply is expected to keep responding to attractive price movements and be enough for upcoming springs needs despite some fears of a shortage.

Historically, Lumber reached an all time high of 1000 in September of 2020. Lumber - data, forecasts, historical chart - was last updated on February of 2021.

Lumber is expected to trade at 831.21 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 684.05 in 12 months time.

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Lumber


Lumber
Lumber is wood that has been processed into beams and plank. The biggest producers of lumber are concentrated in the Baltic Sea region and North America. The futures contract traded on Chicago Mercantile Exchange specifies that the lumber must be manufactured in certain U.S. states and Canadian provinces. .
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
53.6300 1.44 2.76% 1.63% 12.62% 10.53% Feb/01
Brent
USD/Bbl
56.3700 1.33 2.42% 0.88% 10.33% 8.82% Feb/01
Natural gas
USD/MMBtu
2.8330 0.27 10.57% 8.88% 9.76% 11.58% Feb/01
Gasoline
USD/Gal
1.5938 0.04 2.65% 2.09% 16.09% 13.03% Feb/01
Heating oil
USD/Gal
1.6475 0.05 3.07% 3.36% 12.69% 11.02% Feb/01
Ethanol
USD/Gal
1.6400 0.00 0.00% 2.50% 14.45% 14.45% Feb/01
Naphtha
USD/T
499.99 0.00 0.00% 0.35% 15.50% 15.55% Jan/29
Propane
USD/Gal
0.85 0.03 -2.93% -2.09% 31.45% 31.59% Jan/29
Uranium
USD/Lbs
30.0500 0.00 0.00% -0.99% -2.12% -2.12% Jan/29

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,859.22 13.13 0.71% 0.23% -4.28% -1.97% Feb/01
Silver
USD/t.oz
28.690 1.69 6.25% 13.40% 5.43% 8.84% Feb/01
Platinum
USD/t.oz
1,127.39 54.72 5.10% 2.65% 5.37% 5.76% Feb/01

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,362.0000 5.00 -0.37% 1.15% 3.34% 3.46% Feb/01
Wheat
USd/Bu
655.0000 8.00 -1.21% 1.00% 2.02% 2.26% Feb/01
Palm Oil
MYR/T
3,490.00 102.00 3.01% 6.34% -2.73% -3.06% Jan/29
Cheese
USD/Lbs
1.6580 0.00 0.06% -0.54% -0.48% 0.73% Feb/01
Milk
USD/CWT
16.12 0.00 0.00% -0.25% 4.54% 2.03% Feb/01
Rubber
JPY/Kg
241.60 1.80 -0.74% -27.88% -12.46% -10.12% Feb/01
Orange Juice
USd/Lbs
107.85 2.75 -2.49% -5.77% -11.53% -12.49% Feb/01
Coffee
USd/Lbs
125.50 2.55 2.07% 1.83% -0.52% -2.14% Feb/01
Lumber
USD/1000 board feet
869.40 17.60 -1.98% 5.63% -0.84% -0.42% Feb/01
Oat
USd/Bu
347.0000 2.50 -0.72% -2.12% -2.53% -3.81% Feb/01
Wool
AUD/100Kg
1,291.00 0.00 0.00% 7.40% 10.25% 10.25% Jan/29
Cotton
USd/Lbs
80.03 0.61 -0.76% -2.79% 1.34% 2.45% Feb/01
Cocoa
USD/T
2,547.00 16.00 0.63% 1.56% -0.20% -2.15% Feb/01
Rice
USD/cwt
13.3550 0.11 -0.78% 0.91% 5.57% 9.11% Feb/01
Canola
CAD/T
714.10 22.50 3.25% 5.68% 13.67% 13.44% Feb/01
Sugar
USd/Lbs
16.19 0.36 2.27% 2.86% 2.73% 4.52% Feb/01
Tea
USD/Kgs
3.39 0.26 8.31% 8.31% 18.12% 18.12% Jan/29
Corn
USd/BU
549.5000 2.50 0.46% 7.43% 13.59% 13.53% Feb/01

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
19.16 0.02 -0.10% -0.26% 5.62% 5.62% Jan/29
Feeder Cattle
USd/Lbs
137.9250 0.20 0.15% 1.01% 2.20% -0.74% Feb/01
Live Cattle
USd/Lbs
114.7750 0.28 -0.24% -1.50% 2.20% -0.22% Feb/01
Lean Hogs
USd/Lbs
69.7000 0.10 -0.14% -1.31% -2.14% -0.82% Feb/01
Poultry
BRL/Kgs
5.91 0.17 2.96% -3.90% -1.66% -1.66% Jan/29

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.5635 0.01 0.17% -2.10% 0.03% 1.29% Feb/01
Lithium
CNY/T
62,500.00 0.00 0.00% 9.65% 34.41% 34.41% Feb/01
Bitumen
CNY/T
2,730.00 82.00 3.10% 6.56% 10.98% 14.61% Feb/01
Steel
CNY/T
4,191.00 19.00 -0.45% -0.21% 0.53% -0.69% Jan/29
Coal
USD/T
82.45 5.70 -6.47% -4.41% 1.48% 1.51% Feb/01
Palladium
USD/t.oz
2,249.74 23.70 1.06% -3.63% -5.19% -8.09% Feb/01
Cobalt
USD/T
41,250.00 0.00 0.00% 4.10% 28.15% 28.15% Jan/29
Lead
USD/T
2,008.50 5.25 -0.26% -0.91% 1.43% 1.66% Jan/29
Aluminum
USD/T
1,961.25 11.63 -0.59% -2.39% -3.49% -0.98% Feb/01
Tin
USD/T
23,082.50 475.00 2.10% 2.83% 9.98% 13.62% Feb/01
Zinc
USD/T
2,576.00 2.75 0.11% -4.69% -7.90% -6.36% Feb/01
Nickel
USD/T
17,647.50 106.50 -0.60% -3.16% 5.55% 6.61% Jan/29
Molybdenum
USD/Kg
25.00 0.00 0.00% 0.00% 6.38% 6.38% Jan/29
Iron Ore
USD/T
158.00 0.50 0.32% -6.51% -0.32% -0.32% Jan/29
Soda Ash
CNY/T
1,350.00 0.00 0.00% 0.00% 0.75% 0.75% Feb/01
Neodymium
CNY/T
710,000.00 0.00 0.00% 1.43% 14.52% 14.06% Jan/29
Iron Ore 62% fe
USD/T
154.7400 13.39 -7.96% -8.86% -5.90% -0.71% Feb/01
Rhodium
USD/t oz.
19,300.00 300.00 1.58% -6.99% 15.92% 13.53% Jan/29
Manganese
CNY/T
31.75 0.00 0.00% 1.60% 1.60% 1.60% Jan/29

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
185.11 0.10 -0.05% 0.78% 4.52% 3.82% Jan/29
LME Index
Index Points
3,455.80 11.70 -0.34% -1.72% 0.21% 1.21% Jan/29
S&P GSCI
Index Points
2,074.70 2.17 0.10% 0.84% 5.36% 4.94% Jan/29