Lumber price performance is well above the January historic averages.

Can You Spot the Difference?

Lumber prices usually fall during the month of January (U.S. random length continuous contract).

The average drop in price is -1.2% when comparing the last 20 years. Over the last 10 years, lumber prices in January have averaged nearly a -5% decrease.

Lumber price performance is well above the January historic averages.
Lumber price performance is well above the January historic averages (Source: Commodity Seasonality)

At the time of publication, lumber prices are up 6.79% in January of 2018. That’s a spread of more than 10% compared to recent years.

Monthly chart of lumber continuous contract at end-of-day on January 23, 2018.
Monthly chart of lumber continuous contract at end-of-day on January 23, 2018 (Source: Stockcharts).

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