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Bettesworth Construction
CME

CME Lumber Futures Close at $526.50 on October 2, 2026

Lumber futures were reported at $526.50 per thousand board feet on October 2, 2026, down $4.00 for the session. The cited data does not verify a ten-month low.

By Bettesworth Construction Team 2 min read
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CME lumber futures were reported at $526.50 per thousand board feet (mbf) at the close on Friday, October 2, 2026, down $4.00, or 0.75%, from the prior close, according to Investing.com’s historical data. The available figures do not establish that this was a ten-month low.

October 2 lumber futures prices

Investing.com’s historical market-data table reports the following figures for Friday, October 2, 2026:

Measure Reported value
Close $526.50 per mbf
Change from previous close Down $4.00 (0.75%)
Open $529.50 per mbf
Session high $531.50 per mbf
Session low $525.50 per mbf

These are figures reported by Investing.com, not an independently calculated exchange settlement. The cited table supports the October 2 close but does not provide the preceding ten months of comparable prices needed to verify a ten-month low.

What the $526.50 quote means

CME quotes lumber futures in U.S. dollars and cents per thousand board feet. So $526.50 is the futures price per mbf, not the price of a single board or a retail lumber price. CME’s Lumber Futures and Options Fact Card specifies a 27,500-board-foot contract. The card lists a $0.50-per-mbf minimum price fluctuation, equivalent to $13.75 per contract.

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CME describes the contract as Random Lengths #2 and Better 2x4s delivered to Chicago; its lumber futures FAQ says it is physically delivered to the Chicago Switching District. Futures contract terms and settlement details can change, so consult CME’s current specifications for trading or delivery decisions.

Was this a ten-month low?

That comparison is not verified by the cited price history. The Investing.com table available here begins on September 8, 2026, and therefore does not show the full lookback period. A sound comparison would need a comparable historical series and a defined basis—for example, the November 2026 contract or a continuous front-month series. Until such a series confirms the comparison, the close is best reported as $526.50 without calling it a ten-month low.

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What the report says about lumber demand

CME lists roofing, framing, paneling, and plywood among softwood lumber’s primary uses in its Lumber Futures Product Overview. Those uses make lumber relevant to construction, but the available price data and CME materials do not identify why futures declined on October 2. They do not establish that housing activity, construction demand, supply, tariffs, or another factor caused the move.

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