The North American lumber market has experienced notable fluctuations over the past few years, characterized by periods of extreme volatility and consolidation. As of recent observations, the market appears to be in a phase of reduced volatility, with futures trading within a narrow range. However, the inherent illiquidity in the lumber market suggests that significant price swings could be on the horizon. Recent price movements As of May 1, July physical lumber futures were priced at $527 per 1,000 board feet. By June 1, these futures had only edged slightly higher to $538.50. This marginal increase ...