Main Content

Lumber futures today market chatter points to lumber futures

Model: NS-40F401NA26
SKU: 6614066
$147.00
Comp. Value: $442.000
or
4 payments starting at$15.75
with
Sold By Best Buy

More Buying Options

Market chatter points to lumber futures today benefiting from anticipated Canadian export restrictions, which could curtail North American supply and push June contracts upward. In the meantime, we will continue getting data from private firms and regional Fed banks, plus commentary from Fed leaders; much as we will today. S&P/Case-Shiller , Chicago PMI , and the Conference Board's Consumer Confidence reports are all out this morning. In response to the tariffs, Prime Minister Mark Carney unveiled a $5-billion strategic fund on Friday aimed to bolster Canadian industries including lumber, steel and autos. “We need to use government procurement using Canadian taxpayer dollars to spur Canadian businesses for longer term prosperity,” he said. The “Buy Canada” initiative calls for prioritizing domestic materials and labour in government projects to reduce dependency on U.S. trade. Traders report lumber futures today consolidating after hitting near-term resistance, with momentum indicators signaling potential breakout.