CME lumber futures closed at $533 per thousand board feet on Friday, October 9, up $6.50, or 1.2%, from the previous week's close. Turnover averaged 395 contracts a day, versus a 760-contract 12-week baseline.
The week turned lower on Wednesday, when the contract closed at $517.50 after Monday's decline and Tuesday's rise. Thursday's small gain preceded Friday's defining session, when the close rose $14.50, or 2.8% from Thursday's close, to $533.
The contract recorded 1,973 contracts for the week. Friday was the busiest session, with 520 contracts.
At $533, the contract was 12.7% lower than a year earlier, when it closed at $610.50.