Lumber Falls Near Nine-Month Low
Rubber and Wood | 2026-09-25 00:36:19
US forestry groups have long accused Canada of distorting the market, as Canadian forestland is largely publicly owned, allowing its lumber to be sold at lower prices.
By Paul Ploumis
SEATTLE (Scrap Monster): Lumber futures fell to around $530 per thousand board feet, remaining near their lowest level in nine months, as rising borrowing costs weigh on housing demand.
Growing concerns over inflationary pressures have fueled a broader selloff in global government debt markets, pushing yields to their highest level in nearly two decades.
As a result, mortgage rates climbed above 7%, a level last seen in January 2025, further weighing on prospective homebuyers.
Although lacking any particular economic significance, economists refer to the threshold as a psychological ceiling.
Meanwhile, lumber-intensive single-family housing starts increased 7.6% in August. Providing an offsetting pressure, Ottawa had announced counter-tariffs of 25% on US lumber and 50% on plywood following US tariffs on several lumber-related goods.
US forestry groups have long accused Canada of distorting the market, as Canadian forestland is largely publicly owned, allowing its lumber to be sold at lower prices.
Courtesy: www.tradingview.com