CME lumber futures closed at $518.50 per thousand board feet on Friday, October 23, the week's low, down $14, or 2.6%, from the previous week's close. Daily turnover averaged 945 contracts, compared with 710 contracts in the 12-week baseline.
Monday's close dropped $10 to $522.50, the week's largest session move. Prices rose Tuesday, slipped Wednesday and rose again Thursday before the contract finished lower Friday at $518.50.
The week's turnover totaled 4,727 contracts. Wednesday was the busiest session, with 1,524 contracts.
At $518.50, the contract was 12% lower than a year earlier, when it closed at $589.50. It remained 2.3% above its 52-week low of $507, set on November 11.