{"id":81171,"date":"2021-09-09T09:47:51","date_gmt":"2021-09-09T09:47:51","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-lumber-futures-jump-due-delivery-concerns-hurricane-ida-cutback-mills\/"},"modified":"2025-09-19T08:56:02","modified_gmt":"2025-09-19T08:56:02","slug":"us-lumber-futures-jump-due-delivery-concerns-hurricane-ida-cutback-mills","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-futures-jump-due-delivery-concerns-hurricane-ida-cutback-mills\/","title":{"rendered":"US lumber futures jump due to delivery concerns after Hurricane Ida, cutback at mills"},"content":{"rendered":"<p><em>U.S. lumber futures jumped almost 8% to the exchange-imposed limit on concern that damage from Hurricane Ida will hinder deliveries in the U.S. South just as some North American mills pull back on production.<\/em><\/p>\n<p>The November lumber contract shot up 7.9% to $576.20 per thousand board feet on the Chicago Mercantile Exchange.<\/p>\n<p class=\"paywall\">The surge extends a tumultuous year for lumber, which at one point was among the best-performing commodities as a pandemic-fueled construction boom drove demand. After reaching an all-time high in May, the common building material tumbled through mid-year as mills ramped up output. It has recouped some of those losses in recent weeks as producers\u00a0slow the pace.<\/p>\n<div class=\"inline-newsletter-middle paywall\">\u201cIt is a combination of Ida and all the announcements of slowdowns in production coming from the western mills,\u201d that drove prices on Thursday, said\u00a0Brian Leonard, an analyst with RCM Alternatives in Chicago. \u201cThere had been a tempered reaction to any production news over the last few weeks, but reports of new transportation and production issues throughout the South has sent the shorts for the exits.\u201d<\/div>\n<p class=\"paywall\">Prices are still well below the record high of $1,733.50 reached in May, when low inventories and strong homebuilding demand spurred prices and raised housing costs.<\/p>\n<p><a href=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber-220.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-26690\" src=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber-220-300x135.jpg\" sizes=\"auto, (max-width: 587px) 100vw, 587px\" srcset=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber-220-300x135.jpg 300w, https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber-220-1024x461.jpg 1024w, https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber-220.jpg 1429w\" alt=\"\" width=\"587\" height=\"264\" \/><\/a><\/p>\n<p class=\"paywall\">Lumber being transported by truck in the U.S. South is either getting tied up or redirected following the hurricane, Leonard said. More producers in the western part of the U.S. and Canada -- where sought-after wood such as spruce and fir are processed -- have slowed output at sawmills, he said.<\/p>\n<p class=\"paywall\">\u201cMore buyers were convinced that the market had bottomed and did their best to buy in yesterday,\u201d William Giguere, who buys and sells eastern spruce with mills for Sherwood Lumber in Massachusetts, said in a note.<\/p>\n<p class=\"paywall\">\u201cThe futures market continued to trade at a considerable premium to the cash market adding credence that current purchases are worth the attention and focus.\u201d<\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. lumber futures jumped almost 8% to the exchange-imposed limit on concern that damage from Hurricane Ida will hinder deliveries in the U.S. South just as some North American mills pull back on production. The November lumber contract shot up &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-futures-jump-due-delivery-concerns-hurricane-ida-cutback-mills\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":57861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[3945,3252],"class_list":["post-81171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-lumber-prices","tag-us","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-construction","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US lumber futures jump due to delivery concerns after Hurricane Ida, cutback at mills - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-futures-jump-due-delivery-concerns-hurricane-ida-cutback-mills\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US lumber futures jump due to delivery concerns after Hurricane Ida, cutback at mills - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"U.S. lumber futures jumped almost 8% to the exchange-imposed limit on concern that damage from Hurricane Ida will hinder deliveries in the U.S. South just as some North American mills pull back on production. 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