Maine is one of the major producers of timber and forest products — a University of Maine study estimated that pre-pandemic, Maine's industry was tied to 32,000 jobs . But since the pandemic, demand ...

Many home builders, contractors and retailers wagered that higher U.S. tariffs on imports would boost the cost of lumber, while lower interest rates would lift demand for the building material. But ...

Physical lumber futures have been trading around the $500 per 1,000 board feet level since early August 2023. Lumber prices have experienced a significant correction from the 2021 and 2022 highs but ...

The Chicago Mercantile Exchange rolled out the physical lumber contract in 2023 to attract more volume for hedgers and other market participants. The physical lumber contract is smaller than the old ...