On August 5, nearby September physical lumber futures were at the $508 level on August 5, with the now active November contract settling at $527.50 per 1,000 board feet on that day. At nearly the $530 level in late September, lumber has remained in a tight trading range. Lumber futures go nowhere fast After the wild price swings that took the random-length lumber futures prices to highs of over $1,700 in 2021, and above $1,475 per 1,000 square feet in 2022, and below the $355 level in January 2023, the new physical ...
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