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Lumber Futures For July Dips To $598.50

United States of America – Lumber futures dipped below $600.00 to $598.50 for July contracts. The price makes short term forward Lumber contract prices incredibly attractive compared to recent months and years. Reports of higher interest rates with slowed demand and re-stocked inventories at lumber yards and mills are most likely resulting in the seasonally lower prices when considering inflation.

Builder & Home Builder hold out, most notably, through mid-west and southern territories along with mid-term political and geopolitical uncertainties are also factors in skewing demand and lower lumber prices. Single family construction has been lower than expected the past few qtr’s while Multi-Family construction has been carrying most permit data.

CME GROUP LUMBER FUTURES

MONTH PRIOR
SETTLE
UPDATED

JUL 2022
LBSN2

598.50
08:25:10 CT
03 Jun 2022

SEP 2022
LBSU2

617.70
08:25:10 CT
03 Jun 2022

NOV 2022
LBSX2

623.60
08:25:10 CT
03 Jun 2022

JAN 2023
LBSF3

651.70
08:25:10 CT
03 Jun 2022

MAR 2023
LBSH3

681.70
08:25:10 CT
03 Jun 2022

MAY 2023
LBSK3

681.80
08:25:10 CT
03 Jun 2022

JUL 2023
LBSN3

671.20
06:00:00 CT
03 Jun 2022
Source CME GROUP

#geoweek #geoweek2023 #geospatial

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