Rayonier

International Paper

Smurfit WestRock plc

Sylvamo Corp

PotlatchDeltic

Weyerhaeuser

West Fraser Timber Co. Ltd.

SAP SE

Bill.com

Clearwater Paper

iShares Global Timber & Forestry ETF

WOOD tracks a narrow index of the 25 largest publicly listed companies from developed and emerging markets that own or manage forests and timberlands.

Invesco MSCI Global Timber ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

SPDR S&P Homebuilders ETF

Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows as higher interest rates led to a drop in U.S. residential construction. But there's now an opportunity for buyers and homebuilders alike.

Lumber prices are at record lows — what that means for buyers and homebuilders

Physical lumber futures remain in a narrow trading range, with prices staying under $150 in 2024. Lumber futures have experienced a consolidation period, leading to a narrower range between annual highs and lows. Despite efforts to increase liquidity, lumber futures remain highly illiquid, making trading and investing challenging.

WOOD: Lumber Sits And Waits For A Rate Cut

United States Copper Index Fund

iPath Bloomberg Copper Subindex Total Return ETN

This has been a messy week if you ask me. Yields rose, Bitcoin ( BTC-USD ) fell, stocks largely, and volatility is, well, volatile.

What Is Going on With Lumber and Copper Prices This Week?

Lumber prices are influenced by interest rates and the liquidity of lumber futures.

WOOD: The Pros And Cons Of A Lumber Investment

iShares Global Timber & Forestry ETF tracks the S&P Global Timber & Forestry Index, offering exposure to companies in the timber and forestry sector. Timber and forestry products have a stable market and can act as a hedge against inflation. WOOD provides diversification, potential for growth, and aligns with sustainable investing considerations, but carries risks of market volatility, sector concentration, and interest rate sensitivity.

WOOD: It's No Lumber, But It's A Good Sector

The iShares Global Timber & Forestry ETF provides targeted exposure to companies in the timber and forestry sector. Looking at the WOOD ETF's historical performance, it does not appear to have any portfolio diversification benefits as it is highly correlated to equity markets. Investors should monitor developments in the carbon credit space, as timberland operators are exploring new sources of revenue.

WOOD: Targeted Exposure To Forestry Sector But Highly Correlated To Equity Markets

Lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market. The average 30-year mortgage rate closed in on 6% this week, hitting its highest level since 2008.

Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%

WOOD includes commodity exposures in lumber, pulp, and cyclical exposures in packaging companies. Packaging companies are suffering due to pressure from faltering Chinese demand. Lumber, timber and pulp prices also have downside from current levels given outstanding economic risks. Current price data has shown some declines since last reports.

WOOD: China Is Somewhat Of A Problem

Hoya Capital Housing ETF

iShares U.S. Insurance ETF

iShares U.S. Home Construction ETF

VanEck Vectors Retail ETF

Vanguard Financials ETF

The U.S. home-building market exhibits a strong recovery of late, owing to the limited inventory and increased demand. This recovery should benefit some industries that are allied to the housing industry.

7 ETF Areas to Gain from a Rebounding Housing Market

Lumber prices jumped on Tuesday after US housing starts surged by the most in three decades. Housing starts soared 21.7% in May to 1.63 million units, which was well ahead of economist estimates.

Lumber prices jump after US housing starts unexpectedly soar more than 20% in May

Lumber prices have experienced extreme volatility in recent years due to low liquidity and macroeconomic factors. The Chicago Mercantile Exchange introduced a new physical lumber futures contract to improve liquidity, but it remains low. The iShares Global Timber & Forestry ETF tends to move with lumber futures prices and could be a suitable investment for those looking to position for a recovery in the lumber market.

The WOOD ETF Provides Exposure To Lumber Prices

The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.

RIP, Lumber-Futures Contract That Jumped During Covid-19

When it comes down to it, lumber is at the core of my research. It's now been eight years since my original research paper talked about the relationship between lumber and gold and how its predictive nature could help mitigate portfolio risk.

Housing Market Crash Alert: Why Investors Should Pay CLOSE Attention to Lumber Prices

Lumber prices are stable - a new contract makes lumber hedging more versatile. Lumber remains highly illiquid, increasing the chances of explosive and implosive price action.

Lumber And The WOOD ETF

Alerian MLP ETF

Teucrium Corn Fund

WisdomTree Continuous Commodity Index Fund

SPDR Gold Trust

iShares Gold Trust

Global X AgTech & Food Innovation ETF

Sprott Junior Uranium Miners ETF

Teucrium Wheat Fund

Energy Select Sector SPDR Fund

VanEck Future of Food ETF

Commodities ran hot in 2022, and despite a more muted second half, fared well in a tough year that saw both stocks and bonds falter.

VettaFi Voices On: The 2023 Outlook for Commodities

Lumber was one of 2022's worst commodity performers, and it has been volatile at the start of this year, but prices may gain on the back of a housing shortage.

Long-term lumber demand looks to benefit from U.S. ‘population demographics'

"If the homebuilders' January momentum proves sustainable

Lumber falls 21% in 8-day losing streak, but analysts see a bottom forming for the key building commodity

The National Association of Realtors said it expects the median home price to increase 0.3% this year, compared to a near-10% gain in 2022.

Lumber soars 13% as the housing market shows signs of a rebound for the first time in a year

A further rise in lumber prices would be a positive for producers, but not so much for consumers who are still reeling from high levels of inflation.

Lumber prices are up 14% in 2023 after tanking last year, and a lack of supply could fuel another surge ahead of key homebuilding season

"NAHB is expecting weaker housing conditions to persist in 2023 and we forecast a recovery coming in 2024," economist Robert Dietz said.

Lumber falls to a new 2022 low after homebuilder sentiment drops for the 12th month in a row

Lumber has the dubious honor of being among the biggest commodity price decliners this year, and the outlook for the market doesn't look to improve anytime soon.

What's next for lumber as it looks to be 2022's worst-performing commodity

Lumber futures are sleeping but holding the $400 per 1,000 board feet level. The new physical contract is trading at a premium to the old random-length contract.

Putting The WOOD ETF On Your Investment Radar

"At 7% interest rates I wouldn't expect lumber to do much for a while," Ashley Boeckholt of MaterialsXchange told Insider.

Lumber prices have defied a cooling housing market to climb 26% in October, but surging mortgage rates will keep a lid on further upside

We called it again with the Russia risk in timber markets back in February. Russia is retaliating against sanctions by stopping the export of Russian birch.

WOOD Is Also Running Into A Russia Problem

Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.

News for iShares Global Timber & Forestry ETF ETF (WOOD)