CME lumber futures closed at $500 per thousand board feet on Friday, November 6, the lowest close since September 13, 2024. That was $15, or 2.9%, below the previous week's close of $515.
Monday ended at $524.50, up $9.50 or 1.8% from the previous Friday. Prices slipped on Tuesday, eased again on Wednesday and held flat on Thursday. Friday's session was the week's largest move, a fall of $16.50 or 3.2% from Thursday's close. The week's range was $24.50, from $500 to $524.50.
Turnover totaled 2,602 contracts, an average of 520 a session, against 927 a day the previous week. The 12-week average is 665, so the week ran 21.7% below it. The busiest session was Tuesday, November 3, with 744 changing hands.
At $500 the contract was 6.3% lower than a year earlier, when it closed at $533.50.