U.S. lumber futures continue to trade around the $600 mark per 1,000 board feet, maintaining a bullish structure that has been in place since mid-2024, despite seasonal headwinds and persistent pressure from high interest rates. CME physical lumber futures bottomed out at $455.50 in July 2024 before staging a steady recovery. Prices climbed to a peak of $699 in March 2025, supported by stronger construction activity and expectations of tighter supply. While the contract has since eased below the $600 level, the pattern of higher lows remains intact, suggesting underlying resilience in the market.  ...