Nearby physical lumber futures ended 2025 at $576 per 1,000 board feet, posting a 4.63% gain for the calendar year. After weakening into late autumn, prices began to stabilise, raising questions about whether the seasonal low had already been set ahead of the 2026 construction season. By late January 2026, nearby futures were trading just below $600 per 1,000 board feet, reflecting firmer conditions as the market moved closer to its seasonal demand peak. Prices trend higher from early December lows Lumber futures reached a continuous-contract low of $526.50 per 1,000 ...
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