Lumber futures prices the rally in lumber futures prices to

The rally in lumber futures prices to $566 was supported by a weaker U.S. dollar, enhancing export competitiveness. Currency-driven demand has historically amplified seasonal price swings in this market. While there are numerous U.S.-based timber and lumber producers, these tariffs will still be passed on to consumers, as furniture makers and other businesses will have to pay more for imported wood. These popular home items and upgrades can get pricier under Trump's tariffs . It also puts more strain on U.S. timber companies to meet the needs of American businesses that use wood. The use of domestic lumber has decreased over time due to the affordability of imported timber. Much of the lumber produced in the U.S. is shipped to other countries as well, and placing a tariff on those places will likely affect their choice in dealing with the U.S. in trades — meaning the lumber companies in the U.S. could face a decline in exports and, thus, a need to increase pricing even more. Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Lumber futures prices rose to $562 early Wednesday as commodity funds increased positions amid optimism over spring building season. Technical charts show resistance at $570, with support around the $540 level, indicating a short-term uptrend.