Trading in lumber futures settled at $520 as traders assess mixed macro data. Analysts monitor construction seasonality, which typically lifts demand in late summer. Spot market premiums underscore the futures’ upward bias. What was Old will be New Again: Medicare Reverts to Pre-Pandemic Telehealth Guidelines Oct. 1, 2025 Canadian producers are also under strain. Analysts note that many mills are operating at a loss given weak North American demand and higher costs, a combination that could force supply cuts later in the year. But for now, the market remains oversupplied, and futures have room to drift lower unless demand improves materially. Lumber futures prices hit $529 during the afternoon session on increased framing lumber demand. Broker figures reveal short covering among larger funds. Analysts model a bullish scenario if benchmark rates stay under 6.5%.