CME lumber futures closed at $532.50 per thousand board feet on Friday, October 16, down $0.50, or 0.1%, from the previous week's close. The week's daily average was 444 contracts, versus 749 contracts for the 12-week baseline.
The contract ended near where it began after a midweek swing. Wednesday's close of $533 marked the turn after Tuesday's $546.50 close. Wednesday's decline was $13.50, the week's biggest move, followed by a Thursday rebound and a Friday decline.
Turnover totaled 2,219 contracts. Wednesday, October 14, was the busiest session with 586 contracts.
At $532.50, the contract was 16% lower than a year earlier, when it closed at $634.